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
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...