Streaming issues? Report here
CapeTalk_2021_Top_Corner 1000 x 1000 CapeTalk_2021_Top_Corner 1000 x 1000
Best of CapeTalk
22:00 - 00:00
volume_up
volume_mute

Up Next: Best of CapeTalk
See full line-up
Best of CapeTalk
22:00 - 00:00
Home
arrow_forward
Business

Post Office will be efficient and no drain on taxpayers in 3 years 'or so' - CEO

20 April 2021 10:41 AM
Tags:
SAPO
South African Post Office
Refilwe Moloto
Breakfast with Refilwe Moloto
Nomkhita Mona

Refilwe Moloto interviews Nomkhita Mona, the newly appointed CEO of the South African Post Office.

The SA Post Office (Sapo) is bankrupt.

It incurred losses of more than R1.7 billion in the 2019/2020 financial year.

Sapo’s liabilities exceeded its assets by R1.5 billion.

Some branches, unable to pay rent, is closing, and mail is not being delivered.

Recently appointed Post Office CEO Nomkhita Mona has her work cut out for her.

Post Office. Picture: Sethembiso Zulu/EWN.

Post itself is dying out and Sapo faces increasing competition from couriers.

Is any post office still relevant, and can Sapo survive without taxpayers bailing it out?

Refilwe Moloto interviewed Monda.

… Postal services for the country that is efficient, that works, that delivers, that is able to reach far and wide into the length and breadth of this country… In the next three years or so, that’s what we will achieve.

Nomkhita Mona, CEO - South African Post Office

It needs to be viable on its own, without relying heavily on the national fiscus... Currently, the basics are not in place…

Nomkhita Mona, CEO - South African Post Office

We’d like to bring back that obsession [with customer service] … and bring in new revenue streams. We cannot rely on mail revenue…

Nomkhita Mona, CEO - South African Post Office

We still have a large workforce… our expenses are much higher than the revenue we generate… There are opportunities that postal services can go for… couriers services, e-commerce, digitisation… We need to look at how and where we spend our money… That means cutting costs, and ensuring what’s due is collected…

Nomkhita Mona, CEO - South African Post Office

[Mailing of] High-value items… should by right belong to us.

Nomkhita Mona, CEO - South African Post Office

There is no chance of us making money in rural areas…

Nomkhita Mona, CEO - South African Post Office

The Postbank is solid… There is no need for panic… There’s money in the bank…

Nomkhita Mona, CEO - South African Post Office

Listen to the interview in the audio below.




20 April 2021 10:41 AM
Tags:
SAPO
South African Post Office
Refilwe Moloto
Breakfast with Refilwe Moloto
Nomkhita Mona

More from Business

I like to save. I don’t buy new cars – Rob Rose (Financial Mail)

17 May 2021 8:01 PM

Financial Mail Editor Rob Rose opens up about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Invest in precious metals such as gold – a guide for South Africans

17 May 2021 7:35 PM

Bruce Whitfield interviews Dr Zoltan Erdey, author of "Going for Gold: The South African's Guide to Investing in Precious Metals".

Share this:
Read More arrow_forward

Is 'localisation' a realistic economic policy for South Africa?

17 May 2021 7:25 PM

Can local businesses substitute 20% of their imports? Bruce Whitfield interviews Peter Attard Montalto of Intellidex.

Share this:
Read More arrow_forward

SA economy recovering faster than expected - 4% growth a possibility in 2021

17 May 2021 7:08 PM

The Money Show’s Bruce Whitfield interviews Patrice Rassou, Chief Investment Officer at Ashburton Investments.

Share this:
Read More arrow_forward

Redefine Properties reports 62.7% drop in headline earnings

17 May 2021 6:50 PM

The Money Show’s Bruce Whitfield interviews Redefine Properties CEO Andrew König.

Share this:
Read More arrow_forward

Chicken sales are not healthy, but comfortable - Chris Schutte, Astral Foods

17 May 2021 6:26 PM

The Money Show’s Bruce Whitfield interviews Chris Schutte, CEO at Astral Foods.

Share this:
Read More arrow_forward

SA Parliament hauls Facebook before committee about new WhatsApp terms

14 May 2021 2:56 PM

Got a question for Facebook? Contact DA Member of Parliament Phumzile Van Damme of the Communications portfolio committee.

Share this:
Read More arrow_forward

Connor McGregor earns R2.5bn to become the richest athlete in the world – Forbes

14 May 2021 9:48 AM

Lionel Messi (R1.8bn) came in second. There are no women on Forbes magazine’s list of the world’s 10 most-well-paid athletes.

Share this:
Read More arrow_forward

The rand is on a roll - should you stop, or start, sending money offshore?

13 May 2021 9:06 PM

Personal finance expert Warren Ingram has sound advice on the timing of offshore investment decisions.

Share this:
Read More arrow_forward

Vaccine rollout will support SA tourism recovery in 2nd half of 2022 - RMB

13 May 2021 8:36 PM

The Money Show's Bruce Whitfield interviews Jessica Spira, Sector Head for Healthcare and Hospitality at Rand Merchant Bank.

Share this:
Read More arrow_forward