Financial woes continue to weigh on the South African Post Office (Sapo) as it has recorded a R1.1 billion final loss for the year ended March 31 2016. The state-owned company this week has published its financial results for its 2015/16 year, which further point to a 9% drop in revenues from R5.12 billion to R4.68 billion. Results for the 2015/16 period mark yet more losses for Sapo as the state-owned company recorded a R1.4 billion loss for the previous financial year. Falling revenues and …
Source: www.engineeringnews.co.za
Post Office closes 221 outlets amid R1.1bn loss
Made with by iNCO Creative.