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Sassa is a good contract for Post Office - Acting CEO

18 February 2020 8:09 AM
Tags:
SASSA
Post Office
Social grants
Ivumile Nongogo refutes reports that social grant distribution by the SOE is a burden to the company.

City Press has reported that the social grant distribution service has placed a financial burden on the Post Office, with the entity bleeding R60 million a month.

Could this lead to the Post Office closing some pay points?

RELATED: 'Pay back the money.' Is this the end of the road for Cash Paymaster Services?

Bongani Bingwa chats to the state-owned entity's acting chief executive officer Ivumile Nongogo to shed light on the matter.

Just like most SOEs we have our issues and legacy issues that we need to deal with but we are starting to see some improvements in the financials of the Post Office.

Ivumile Nongogo, Acting CEO - Post Office

Over the past years, there has been no opportunity to invest in modernising the Post Office, he explains.

From where we sit Sassa is a good contract for the Post Office and we are making money on it. What has happened is that a discussion document was taken out of context.

Ivumile Nongogo, Acting CEO - Post Office

Listen below to the full conversation:


18 February 2020 8:09 AM
Tags:
SASSA
Post Office
Social grants

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