A day after President Cyril Ramaphosa told reporters that the ANC’s top decision-making body, the national executive committee, had rallied behind his letter calling for tougher measures against the corruption cancer corroding every layer of the party, the SA Post Office reminded him about his long-standing state-owned enterprises (SOEs) headache.
Like most 100-odd state-owned companies, the Post Office is meant to be self-sufficient but it has barely broken even for years. In its fiscal first quarter, it slumped to a R925m loss, almost equal to the total suffered for the full 2019 financial year and compelling it to extend a presumptuous appeal for financial help. ..
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