The Post Office has asked government for an R8-billion bailout. A few years ago the Post Office was awarded R2.9-billion which was used to settle loans and pay suppliers.
Its CEO says it will use the funds to pay its historical debt and for its turnaround plan.
The reason what we want to use the money for is primarily set the Post Office on a path to sustain itself even though we have a lot of historical debt,” said Nomkhita Mona.
Source: News365
In other news – Popular sangoma speaks on Senzo Meyiwa’s murder
Sangoma Skhunisivuthemanzini Mkhize says the truth about what really happened during Senzo Meyiwa’s murder will come out.
Nothing can be hidden forever. Iqiniso lizophuma (the truth will come out) and it’s closer than before,” he said. Learn more