South African Post Office makes R135m profit
The South African Post Office made a 135 million rand profit from trading operations for the financial year ended March 2005 – an improvement of 108 million rand on last year. It was the Post Office’s second year of profitability. Cash generated from operations amounted to 371 million rand.
Newly appointed CEO, Khutso Mampeule said:”Naturally we are excited to announce the ground breaking financial results, especially because there’s a huge improvement from last year’s financial results.”
