Pretoria - Cabinet has approved the Strategic Turnaround Plan for the South African Post Office (SAPO).
“This plan has assisted in diagnosing the root causes of problems and also identified key strategic interventions to turn the entity around,” acting Cabinet spokesperson Phumla Williams said on Thursday.
She said a new business model is being developed to reduce over reliance on mail business and move towards a balanced revenue mix.
“Cabinet is confident the strategy will move the SAPO forward,” Williams said.
Minister of Telecommunications and Postal Services Dr Siyabonga Cwele and the management of the SAPO will hold a special media briefing to unpack the plan.
Cabinet has welcomed the strong turnaround at Telkom which has led to a strong growth in revenue and a dividend for the first time since 2011.
Government is a major shareholder at Telkom owning a 40 percent stake. – SAnews.gov.za
