Post Office CFO resigns after three months on the job

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South Africa Headlines News

The post office has been hamstrung by acute management and financial problems that have left it on the brink of collapse 🔒

SA Post Office CFO Khathutshelo Ramukumba has resigned from the embattled state-owned entity after three months in the role, deepening leadership instability at the postal utility.

The post office board confirmed on Thursday that Ramukumba resigned with effect from December 31 2020, for “personal reasons”. It did not provide further detail about his departure and no acting CFO has been announced...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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Here is that other dead horse we are trying to repeatedly make run faster! A country that cannot even operate a proper postal service!

I have stopped using the post office in South Africa more than 10 years ago. SAA about 5 years ago. They should all privatize or die a natural death.

I have been awaiting a registered letter from the UK for 3 months. It is now in Sorting and has been there for 5 weeks.

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Post Office CFO resigns after three months on the jobThe post office has been hamstrung by acute management and financial problems that have left it on the brink of collapse 🔒 ... And the ANC destroys the next thing. Haibo. Not shocked anymore. Just fucking sad for SA. It must be difficult being the CFO when years of mismanagement has exasperated the Financials. Again.
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Post Office CFO resigns after 3 monthsLeadership instability at the SA Post Office (Sapo) is set to continue as its chief financial officer has quit after only three months in the job. If Barnes couldn't sort out the Post Office, no one will. It will just be perpetual bail outs
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Post Office CFO resigns after 3 monthsLeadership instability at the SA Post Office (Sapo) is set to continue as its chief financial officer has quit after only three months in the job.
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SA Post Office cash-strappedThe Post Office’s is temporarily closing 53 of its branches, citing payment disputes. he has proven that he's genuine, and i can trust him with my last dime that's what i want for you all as well invest with kellybrian__ 🙏🏻🙏🏻, Couple of months ago I came across a recommendation about DennisWilliam56 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation Nothing new!!!! All SOEs are cash strapped!!!! Go look at some people's houses/cars etc.
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Insolvent Post Office says new revenue streams will help turnaroundAccording to the report, AG Tsakani Maluleke said for the financial year 2019/20, the Post Office Group incurred losses of more than R1.7bn while its liabilities exceeded its assets by R1.5bn. Why no one talks about this
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