SA Post Office not insolvent
The South African Post Office denied on Thursday that it was technically insolvent saying “(such) reports are far from the truth and represent a serious deviation from the facts”. It was responding after opposition parties lambasted the Post Office on Wednesday for continuing operating losses and tabling its annual report late in Parliament. “To understand the state of the Post Office finances it is important to look at the state of affairs from a holistic point of view. “Analysing figures selectively could only serve to press unnecessary panic buttons,” South African Post Office spokesman Robert Nkuna said.
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