THE SA Post Office is expected to ask government to continue its subsidies beyond March, having indicated that it will report another loss this year, Business Day reports. The organisation’s continuing financial plight is also reflected in a request to renegotiate the management contract signed last year with New Zealand Post International, now called Transend Worldwide. Government decided in 1999 that postal subsidies would be halted by March this year. The organisation suffered an operating loss of R482m in the year to March last year on consolidated revenue of R3,7bn.
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