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News24 reports that the SA Post Office (Sapo) has dismissed 442 employees since being placed under business rescue in July 2023.
“Most employees were dismissed for financial misconduct, in which they acted dishonestly for self-enrichment,” Communications and Digital Technologies Minister Solly Malatsi indicated in a written reply to a parliamentary question. The minister said Sapo’s business rescue practitioners (BRPs) had held 926 disciplinary hearings in the past 25 months, which culminated in 442 dismissals. To recoup losses, Sapo has begun deducting money from the employees’ final salary payments and retirement benefits. “In the future, Sapo will be able to report on the funds recovered through these processes and retirement benefits,” Malatsi indicated.
Yet, whatever the struggling state-owned entity is able to claw back will likely be only a drop in the bucket compared with the R3.8-billion cash injection the BRPs have been arguing for Sapo to upgrade its business and IT systems. Last month, Malatsi’s deputy, Mondli Gungubele, told MPs that meetings with the Treasury to plead for the funds had been unsuccessful. As matters stand, Sapo’s BRPs look set to hand the entity back to the state to run without the injection of funds.
- Read the full original of the report in the above regard by Jan Cronje at News24 (subscription / trial registration required)
Get other news reports at the SA LabourNews home page