The plan by the cash-strapped SA Post Office (Sapo) to downsize its workforce by slashing 6,000 jobs will not affect the Postbank, which is eager for a full banking licence, paving the way for it to become the state-owned bank.
Postbank, which has been operating under technically insolvent Sapo, is a separate company and is not involved in discussions between unions and the employer regarding looming retrenchments at the state-owned postal services, according to Sapo spokesperson Johan Kruger. ..
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