MAANDA Manyatshe, the SA Post Office’s CEO, whose task it is to clean up the
money-losing organisation, is hesitant to use his office to talk about issues
he faces. Meetings are convened at hotels or coffee shops outside the Post Office’s
headquarters in Pretoria, signalling the depth of distrust that permeates
throughout the embattled organisation.
Africa News has reported that “a host of foreign postal administrations, including those in France, Canada and the Netherlands, have come forward to offer their expertise and other assistance to the SA Post Office. This comes in the wake of the termination of the management contract forged in 1999 between New Zealand’s Transend Worldwide and the SA Post Office. The contract was cancelled earlier this year after the Post Office failed to break even this year, as guaranteed by the New Zealanders. A SA Post Office spokesman said the Post was unlikely to forge another full management contract with a foreign postal organisation.”
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 MoreThe South African Post Office has
borrowed as much as 1 billion rand of depositors’ money held by the Postbank in
a bid to ease its crippling cash-flow problem and deliver social infrastructure
to the poor, Business Day reports. South African Post Office management moved
on Tuesday to assure account holders that their money was not at risk. CEO
Maanda Manyatshe said that depositors’ funds had been guaranteed by government
Communications Minister Ivy Matsepe-Casaburri has admitted that government will have to continue supporting the South Africa Post Office financially, reversing an earlier decision to end postal subsidies in March this year.
Read More
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