New Zealand Post subsidiary Transend has finally ended its strife-plagued South African postal management contract.
Transend Worldwide, NZ Post’s international consultancy arm, which has contracts in about 40 countries, said yesterday that it had “reached a commercial settlement” with the South African Post Office (Sapo) over cancelling the contract, believed to be worth $54 million
Read MoreState-owned postal services operator New Zealand Post on Thursday reported a flat after tax annual profit of NZ$21.0 million and flagged a decline in profits next year due to the cost of establishing a new bank.
Read MoreSouth Africa said on Tuesday it would sign a termination agreement with New Zealand Post Office by the end of the week, formalising the premature end of a three-year consultancy agreement
Read MoreNZ Post buys Australian Supply Chain Management company and Internet messaging company
Read MoreMAIL deliveries may be cut to five days a week as a beleaguered New
Zealand Post tries to contain rising costs. The state-owned enterprise has been warned that its letters market – responsible for about half the company’s revenue – faces serious threat because of electronic mail and major businesses bypassing its network.
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