Dark times for ‘commercially insolvent’ Post Office
The South African Post Office (SAPO) says that it is working on a turnaround plan after the country’s auditor-general declared that the organization was ‘commercially insolvent’. According to the report, Maluleke’s audit review of the Post Office Group’s annual results noted it had incurred losses of over R1.7 billion in the 2019/2020 financial year, with its liabilities exceeding assets by R1.5 billion. Gugulethu Mfuphi spoke to an analyst, Dr. Thokozani […]