Postal service said to be worse off since it took over payment of some social grants
The SA Post Office has suspended its CEO, Lindiwe Kwele, after just four months in the role, as the state-owned entity struggles to pull itself out of a crisis that saw it lose more than R1bn in the last financial year.
The Post Office is one of several state-owned entities that has had to rely on government bailouts to stay afloat.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covering Malawi’s political crisis - The Mail & GuardianThe past eight months were perhaps the most strange and unsettling in the country’s modern history. Reporting on it was tough, but goldenmatonga persevered— and so does Malawi.
Read more »
Cape Town pensioner shunned over Whatsapp porno postWhen a Cape Town pensioner recently shared pornographic material on his gated community’s WhatsApp group, little did he expect he would have to fork out thousands of rands to hire a lawyer to get him reinstated after he was kicked off the group.
Read more »
WATCH: Why Edcon is still battling to surviveEdcon CEO Grant Pattison talks to Business Day TV about the state of the company
Read more »
Shailene Woodley teams up with South African organisation while filming with Jodie Foster in Cape TownShailene Woodley and Jodie Foster have hit SA shores as they complete shooting on their new film, Prisoner 760
Read more »
Can’t get to the office? Let the office come to you | IOL Business ReportDisruptions and delays in the daily commute in South Africa are some of the reasons companies and office spaces are moving to the suburbs.
Read more »
UKZN lectures suspended 'until further notice'Plagued by violent protests, the University of KwaZulu-Natal (UKZN) has suspended its academic programme until further notice.
Read more »