Financial woes at Sapo

Financial woes at Sapo

The South African Post Office (Sapo) CEO Mark Barnes has warned MPs that the postal organization is facing an uncertain future. According to a report published by Business Day Live today (15 April), Barnes told MPs in a briefing to the portfolio committee on telecommunications and postal services that Sapo could face severe financial problems if it does not secure more funding.

Sapo received a cash injection from latest budget, but this was not enough to remove its considerable debts.

Barnes said Sapo was expected to make a loss of R1.2bn in the 2015-16 financial year, which would add to last year’s R1.5bn loss.

 

Relevant Directory Listings

Listing image

PasarEx

PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What’s the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This