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/ 13 November 2007
Members of Parliament heard on Tuesday that the South African Post Office has made 40% more trading profit in the first six months of this financial year than it did last year. Chief financial officer Nick Buick said that the six months’ net profit for this year was R210-million, 20% above last year’s interim result.
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/ 2 November 2007
The Department of Home Affairs has ditched the South African Post Office (Sapo) as the distributor of its documents because of inefficiency. Initially, the Sapo contract with the department to deliver documents went very well, Home Affairs Minister Nosiviwe Mapisa-Nqakula told a media briefing at Parliament on Friday.
A draft post-forensic review has cleared the current acting chief executive of the South African Post Office and its financial director of any wrongdoing, the board of the parastatal said on Wednesday. Acting chief executive officer Motshoanetsi Lefoka and chief financial director Nick Buick were implicated in an initial investigation.