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.
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