Post office to cut jobs to ensure its viability

Business Live reports that executives at the SA Post Office (Sapo) have bemoaned the high and unsustainable cost base at the cash-strapped parastatal, especially salaries and perks, which gobble more than 70% of its revenue. Sapo executives told MPs on Tuesday that a process was under way at the parastatal aimed at reducing staff numbers and increasing productivity.

In addition to the possible retrenchments, the contract it signed with the SA Social Security Agency (Sassa) for the payment of social grants to approximately 11-million beneficiaries, would go a long way towards putting it on sound financial footing. In a submission to members of parliament’s communications portfolio committee on Tuesday, the company’s executives said that the restructuring would be done in a phased approach. About 776 employees will be leaving the organisation at the end of November 2019 through voluntary severance packages. Employees were invited to apply for the package in October and a total of 2,839 quotations were requested.

by Bekezela Phakathi


Informal traders allowed to resume business

SABC News reports that government has relaxed some lockdown regulations, such as the re-opening of spaza shops, including informal food traders. Close relatives of deceased persons are now also allowed to travel between provinces to attend funerals. Night vigils are still not permitted. No more than 50 people are allowed to attend a funeral. This […]

Minister Patel signs new regulations, establishes toll-free hotline to report hike prices

SABC News writes that Trade and Industry Minister, Ebrahim Patel, says a toll-free hotline has been established to report individuals or companies that hike the prices of products such as facemasks, gloves and hand sanitisers amid the coronavirus outbreak. The Competition Commission is investigating 11 companies for heavily increasing the prices of items. President Cyril […]