JOHANNESBURG - The Post Office is hoping its bold five-year turnaround plan will deliver profits.
It aims to deliver a R1.5-billion profit by 2029.
But massive losses, public distrust, and reliance on bailouts may stamp out those aims.
Parliament’s oversight committee says the plan is vague, lacks investor confidence, and continues to lean heavily on taxpayer bailouts.
- Former CEO Mark Barnes weighed in on this plan.