The South African Post Office (SAPO) briefed the Committee on progress in respect of the implementation of its turnaround strategy.The Strategic Turnaround Plan (STP) initiatives had realised benefits on cost reduction but the lack of investment funding had been hampering the launch of revenue and rightsizing initiatives. Join our WhatsApp group today. Mboweni agrees to SAA's R10.5bn bailout; no funds for SABC, Post Office and Denel. No Queues, No Fuss! READ ALSO: Cassper Nyovest proudly admits that he likes a Donald Trump tweet. R2.9-billion rand to the South African Post Office; and R1.2-billion to South African Express Airways. 150714. The high level delegation from SAPO, the Postbank and the Department was led by the Deputy Minister and the Administrator. “We are now focused on our 2030 national development plan, which is about modernising the Post Office to be more competitive in the future.”. The Post Office was looking at appointing a permanent CEO with urgency, with the aid of relevant stakeholders including Minister of Communications Stella Ndabeni-Adams, said Nwaila.He also claimed it was able to pay all its debt with the bailout money from Treasury. He said Sapo had already started acting on its plan and hoped to introduce operations and “game changers” that would allow it to retain its relevancy. We have paid all our debt and…we now have a sound financial standing,’ Sapo board member Charles Nwaila said. In September, post office management told Parliament that it was losing R100 million a month, and made a net loss of R285m in the first three months of the current financial year. Speed Services Couriers . Conveniently renew your PostBox / Private Bag. In terms of South African law, the Post Office is the only entity legally allowed to accept reserved mail and as such operates a monopoly. Information Counter. Talk about living large! Despite chief executive Mark Barnes’ resignation, allegedly due to differences, the South African Post Office (Sapo) said it had no financial issues after a bailout by Treasury and it was now focused on reviving itself to become a strong competitor. Cape Town. South African Post Office (SAPO or SA Post Office) is the national postal service of South Africa and as a state owned enterprise, its only shareholder is the South African government. Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news! A world first for the Post Office, as South African President Thabo Mbeki electronically signs the Electronic Communication and Transaction Act into law. Your local post office offers a multitude of services that are not available from many other service providers. South African Airways will get the R10.5 billion it has requested from government to fund its business rescue process. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. PLEASE […] Board member Charles Nwaila confirmed the resignation of Barnes. A financial rescue package worth R59bn is being prepared to bailout the South African National Roads Agency Limited (Sanral), the South African Post Office, SAA and the SABC. Leave your email to receive our newsletter, Get the news that matters from one of the leading news sites in South Africa, Drop your mail and be the first to get fresh news, Ramaphosa appoints Khumbudzo Ntshaveni in Mthembu's position, Andile Ncube: Ayanda Thabathe defends ex husband amid gay rumours, Lamiez Holworthy: DJ stuns in fabulous dress, Mzansi fans react, Dineo Langa and Busiswa go head to head in twar on social media, Minnie Dlamini shares adorable footage of her hubby and son, Mzansi questions A Reece's American accent: "Can he speak normally", Master KG did not pay Burna Boy for collab on 'Jerusalema' remix, Cassper Nyovest is spending his money wisely amid Covid19 pandemic, Tom Moyane shares throwback about SARS but gets roasted instead. ENTER WITHOUT SPACES, x=number. About South African Post Office. The Post Office is now focusing on reviving itself. The signing was enabled using the Post Office authentication service. W elcome to the Post Office South Africa's Virtual Post Office, where you can securely & conveniently transact. With the South African Post Office revealing there’s currently a backlog of 7.8 million items in Johannesburg’s International Mail Centre (which is an improvement from the previous 46 million), here’s a compilation of alternative options for posting Christmas cards and presents to friends and family back home (or overseas if you’re in South Africa). Office Administrator, Administrative Officer, Security Coordinator and more on Indeed.com Post Office Jobs - January 2021 | Indeed.com South Africa He said Barnes had “tendered his resignation, citing differences on strategy in relation to the structure of the SA Post Office group, in particular the location of Postbank”. The Treasury has come to the rescue of South Africa's Post Office (SAPO) with a bailout of more than R1 billion that sorted out all its financial problems. This was the first Act in the world to be signed into law by an electronic signature. No Queues, No Fuss. 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