The status of SAPO

[Vegar 12]

NEWS 24 reported:

The SA Post Office blew R2.1bn in irregular expenditure in the past financial year, The Star reported on Thursday.The financial losses were as a result of the irregular awarding of tenders, according to a draft audit report for the financial year ending May 31 2014, by auditing firms Deloitte & Touche and Nkonki.

The audit outcome is contained in Sapo's 2013/14 annual report, according to The Star.

The report "appears to show" that Sapo did not follow mandatory tender procedures and that pricing and quotations were not done when procuring goods and services.

It shows, among others, that the Post Office;

- spent R184m on external consultants;

- spent R39.6m on legal costs;

- spent R114m on travel expenses, including overseas trips;

- recorded a net loss of more than R361m in the year under review;

- and recorded a net loss of R361.2m after tax.

The newspaper reported that Sapo was currently operating on an overdraft of R250m, but its sources disputed the figure and put it at R365m.

The unnamed sources allege that employees' funds were used to redress the overdraft.

[Vinyl Lady Decals 11]

They'll get a bailout just like other State owned entities.

[Free Soul Styles 10]

"- spent R114m on travel expenses, including overseas trips;" - I need to get an upper management job at the post office.

[ATA STAMP CENTRE 49]

And what did the SAPO do on heritage day?

THEY used it to do what their heritage demands,organised a nationwide strike..

Our esteemed president must get his head out of his ass and start doing something about the state of this country.

Their is no accountability anymore,but how can there be when the president does not accept any for the nkandla scandal.

RIDICULOUS

[arriwyks 10]

https://m.facebook.com/story.php?story_fbid=828833433828265&id=186884218023193

 

The post office listed below in the greater Johannesburg area have been closed for the safety of our customers and employees, following intimidation and threats of violence - we apologise for the inconvenience. They are

 

Alrode

Bergvlei

Boipatong

Boitumelo

Booysens

Crown Mines

Delarey

Doornfontein

Dowerglen

Ebonypark

Edenpark

Eldoradopark

Evaton

Florida

Fordsburg

Germiston

Halfway House

Ironside

Johannesburg

Joubert Park

Kaalfontein

Kelvin

Kemptonpark

Khumalo

KwaXuma

Kwenzekile

Kyalami

Mafatsana

Masoheng

Morningside

Moroka

Phomolong

Pimville

Ridgeway

Robertsham

Southdale, Southgate

Tarlton

Tembisa North

Tembisa South

Vorna Valley

Witspos

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