/ 10 May 2001

NZ POST ?SURPRISED? AT SA STATEMENT

NEW Zealand Post’s international consultancy unit expressed surprise on Wednesday that its strategic management contract at the South African Post Office (SAPO) might be terminated. The Post Office’s board had asked Communications Minister Ivy Matsepe-Casaburri to end the strategic management contract with New Zealand Post, South Africa’s Communications ministry said in a statement on Monday. South Africa appointed New Zealand government-owned New Zealand Post’s international consultancy unit, now called Transend Worldwide Ltd, in 1999 to manage the Post Office with a brief to return it to profitability. “The board’s reported request comes as a complete surprise to us given that we have successfully delivered results on key agreed projects and objectives,” Transend Worldwide’s South Africa manager Doug Maclean said in a statement. The management project was challenging but in the first year of the contract, to September 30, 2000, Transend had met all but one of the key objectives of the contract, and that was due to human resources issues, Maclean said. – Reuters

CUSTOM SHARE SERVICE

CUSTOMISE your share portfolio and have live prices delivered by e-mail or cellphone. Various options available.

More details