An Australia Post licensee has unleashed on the Prime Minister, saying his treatment of former CEO Christine Holgate was disgraceful . Licensed Post Office Group head and licensee Angela Cramp said she was shocked and appalled by the former CEO s treatment and joined others in calling for the Prime Minister to apologise. Ms Holgate stood aside late last year after revealing she had used a company credit card in 2018 to gift four senior executives luxury Cartier watches, valued at $12,000, instead of issuing up to $150,000 in bonuses. An independent report later found she broke no policies, but did not act within certain guidelines of her role.
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Insolvent Post Office says new revenue streams will help turnaround 14 April 2021 - 15:55 By TimesLIVE Minister Stella Ndabeni-Abrahams is appointing a team of experts to work on the development of a bankable turnaround plan for the Post Office, which is insolvent. File photo. Image: GCIS
The SA Post Office (Sapo) says it is determined to implement a turnaround strategy that includes a focus on new revenue streams, with monthly reports to the government on its “remedial” action plan.
This comes as Sapo was found to be commercially insolvent by the auditor-general s office, the SABC reported this week. According 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.
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