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It’s a miracle the Post Office is still standing, says CEO

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The Post Office has not made a profit since 2006.
The Post Office has not made a profit since 2006.
Gallo Images/Fani Mahuntsi

The SA Post Office was warned three years ago by a senior executive that it was facing imminent collapse, and only "a lot of miracles" have kept it from imploding, its CEO has said.

Post Office head Nomkhita Mona told Parliament's Communications and Digital Technologies oversight committee that a senior executive who joined the company in 2020 was so concerned by its finances that he warned the group's board it would face "day zero" by mid-2021.

The executive, whom she did not name, resigned just one month after being appointed. He apparently believed his job was futile.  

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