Latest news with #SAPostOffice
TimesLIVE
4 days ago
- Business
- TimesLIVE
R4bn bailout requested by ailing Post Office would be money down the drain
The embattled SA Post Office, which requires a further R4bn in funding as adopted in its approved business rescue plan, continues to be bogged down by poor financial management, and operational and leadership lapses, Business Day ( reported this week. This was revealed by a team from the auditor-general during a sitting of the standing committee on public accounts in parliament on Wednesday..
TimesLIVE
19-05-2025
- Business
- TimesLIVE
SA Post Office to get R381m from UIF, says minister Nomakhosazana Meth
The Unemployment Insurance Fund will inject R381m into the SA Post Office (Sapo), says minister of employment and labour Nomakhosazana Meth. This will be done via the temporary employer-employee relief scheme over six months. She said the intervention is designed to provide immediate financial relief to 5,956 employees while "enabling Sapo to implement a sustainable turnaround strategy". The state-run postal service was placed under business rescue in 2023, with millions owed to creditors.
The Herald
12-05-2025
- The Herald
Vandalised Chatty Library to be demolished, with plans to build new facility
Plans are afoot to demolish the Chatty Library and build a completely new structure opposite the current site. This is according to a report tabled during a Nelson Mandela Bay municipality human settlements committee meeting on Friday. According to officials, the Chatty Library fell victim to vandalism during the Covid-19 lockdown, with the structure now in ruins. Addressing councillors, deputy director for property management Allister Jordan said the city had identified land opposite the old library that was big enough on which to build a new facility. 'The Chatty Library was illegally built on two erven, which was not realised at the time. 'The library is totally in ruins due to vandalism. 'The sport, recreation, arts and culture directorate wants to use a difference piece of land that is big enough to build a sizeable library opposite these erven. 'This item is to confirm that the structure poses a danger to residents, and [to confirm] its demolition.' The facility situated on the two erven, one of which belongs to the SA Post Office, was extended in 2007, with the expansion resulting in the infringement of the post office land. According to the report, the structure should be demolished because: Demolition of the vandalised structure will help curb ongoing criminal activity; Erf 6973 will be restored to the SA Post Office after the removal of the encroaching structure; Salvageable fencing will be stored and repurposed for future municipal use; and The land belonging to the metro should be formally allocated to the relevant directorate subject to the availability of funding. Human settlements executive director Tabiso Mfeya said the facility, one of the smallest in the municipal library network, had faced long-standing challenges. 'Meaningful progress only occurred later in 2007 when the building was extended. 'Unfortunately, this expansion encroached on Erf 6973, a property registered to the SA Post Office,' the report says. 'Between 2017 and 2019, engagements took place between the post office and library services to resolve the encroachment. '[The] SA Post Office formally requested either rental compensation or the removal of the infringing structure. 'Discussions continued until 2020, at which point the facility was severely vandalised during the national lockdown, rendering it unfit for use. 'Subsequently, budget and treasury repaired the building in the 2020/2021 financial year due to its deteriorated state.' The Herald
