Ntshavheni spurns former CEO’s offer to take over struggling post office
Communications minister says Sapo’s problems stem from the time that Mark Barnes was its CEO
23 March 2022 - 18:27
Communications and digital technologies minister Khumbudzo Ntshavheni has rubbished an offer by former SA Post Office (Sapo) CEO Mark Barnes to buy a controlling stake in the struggling parastatal facing collapse.
“Mr Mark Barnes was given R3.5bn [to turn Sapo around]. As I have indicated, Sapo is now only looking for R1.6bn [government bailout]. He [Barnes] did not turn around Sapo, and it’s very rich for him to say he wants to buy Sapo,” Ntshavheni said in a parliamentary question-and-answer session on Wednesday...
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