Johannesburg – The Post Office is temporarily closing 53, or about 3.7%, of its branches, citing payment disputes.
The troubles SOE says it’s in constant communication with property owners to come to an agreement and re-open these branches as soon as possible.
The postal service said its revenue has increased after a difficult Covid-19 lockdown period and this will help it to address creditor backlogs.
It is also focusing on its turnaround plan which aims to restructure the current business and position it for sustainability and growth.
“After R8-billion in bailouts over the last seven years, you’d think the Post Office would be in a financially sustainable position,” said the DA’s shadow deputy minister of communications and digital technologies, Cameroon MacKenzie.
“We heard before the committee that the net loss, up until September 2020 was R429-million. The government in its latest budget has only allocated R500-million, so the allocation for the year barely covers the loss of one quarter.”
