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PO posts a profit!

first_imgAugust 30, 2004The South African Post Office (Sapo) is out of the red – for the first time in 200 years. It has reported a bumper R27-billion profit for the 2003/4 financial year, described by the parastatal as the most significant in history.Sapo is one of the largest business concerns in the country, with more than 2 700 outlets and 5 500 service points. It delivers around eight million items to almost 6.5-million addresses daily – amounting to some 37 tons of mail.Sapo chief executive Maanda Manyatshe said its achievement is all the more remarkable because postal services internationally are in decline, and the profit posted was an about-face from the losses of previous years amounting to hundreds of millions of rands.Sapo says its motto: ‘We will deliver, whatever it takes’, has impacted considerably on its performance, and that its emphasis has been on meeting customer needs, providing excellent service and improving efficiencies.At the same time, it focused on several turnaround projects aimed at improving profitability and long-term results within the framework of its universal service obligations. Since privatisation four years ago, the Post Office has also reduced its staff from 30 000 to 18 000.Turnover reported for the year was up 9.4% to R4.020-billion, while cash generated from operations was up 86% to R283-million. Operating profit before post-retirement medical benefits was up a staggering 632% to R266-million.Although trading operations turned a profit, overall the group incurred a net loss of R74.7-million, due to the cost of post-retirement medical benefits, Manyatshe said.He said Sapo aimed to leverage its infrastructure to provide a range of services, including banking, career and Internet services. “We want to make more than R100-million profit next year,” he said.SouthAfrica.info reporterlast_img read more

Maradona backs safe World Cup

first_imgArgentinian coach Diego Maradona recently visited the 97 400-seater Soccer City stadium, which will host the opening and closing 2010 Fifa World Cup matches. Maradona wowed onlookers with his deft moves on the newly laid pitch at Soccer City. (Images: Nicky Rehbock) MEDIA CONTACTS • Jermaine Craig 2010 World Cup Organising Committee +27 83 201 0121RELATED ARTICLES • Final draw celebrates Africa • ‘Africa is not one country’ • World Cup fever spreads abroad • Diski Striker spreads 2010 vibe Nicky RehbockArgentinian national coach Diego Maradona sent a powerful message to the global football community during a recent visit to South Africa: “This will be a great World Cup, with no doubts of security.”It came as a welcome remark in the aftermath of the fatal attack on Togo’s football squad in Angola on 8 January, which cast widespread uncertainty over the safety of the June-July tournament.The Togolese team was in Angola to participate in the African Nations Cup, a 2010 Fifa World Cup forerunner, but they withdrew shortly after the incident.“They can say what they want but we know we are coming to play the World Cup in a safe country,” Maradona said during an inspection tour of the Argentinian base camp in Pretoria.“I have seen that with my own eyes. Anything can happen in the world, but I have spent a week in South Africa and everything is very good and the people very friendly.”The star also visited schools in Soweto, South Africa’s largest township, in the south of Johannesburg, and other 2010 venues during his week-long trip.“I will tell my players that they only have to think of playing football when they come here and worry about nothing else – this is the impression that I will take back to my country.”On 21 January Maradona visited the almost-complete Soccer City stadium in Johannesburg, which will host the opening and closing World Cup matches. The former Footballer of the Year was visibly impressed by the flawless pitch and striking orange seating, which will be able to accommodate 97 400 fans.“They really did a great job on this stadium. I have been to many stadiums before, but this is very big and so great. To be able to enter this stadium is so beautiful. I feel inspired to play here, but unfortunately my time has passed,” he said.Construction workers, who had filled the venue’s upper rows to catch a glimpse of the football great, cheered and chanted: “Maradona! Maradona!” as he demonstrated his effortless ball skills.Later the coach swapped signed national jerseys with Danny Jordaan, head of the 2010 Fifa World Cup local organising committee, and then broke away from the crowd to congratulate the workers on stadium.“I think this visit by Maradona gives South Africans an insight into the excitement that will be generated by the World Cup,” Jordaan said.“He didn’t go to any black tie events, he went into the townships where he said he felt safe, not threatened … he embraced people. Maradona’s contribution off the pitch has been very significant.”After the coach left the stadium, Jordaan spoke to journalists about World Cup safety fears: “We ended with the final draw on 4 December, and the international visitors left. Now it’s the 21st January – and absolutely nothing has happened. The English cricket team was here, and they were very happy; and now Maradona’s come, and he’s also happy – that should speak for itself.”last_img read more

Kyrgios Splits With His Coach

first_imgSYDNEY — Australian tennis player Nick Kyrgios has split with coach Todd Larkham less than a week before the start of Wimbledon, saying on his website June 22 that the pair “mutually agreed” to part ways.The 20-year-old Krygios says “it’s never an easy decision to end a coaching relationship … but I feel that this is the right decision for me at this time.”He said he’ll work with Tennis Australia coaches through Wimbledon and will look at hiring a new coach after the tournament ends.Larkham worked with Kyrgios for seven years during the Canberra player’s junior years. He rejoined his team after Kyrgios’ surprising run to the quarterfinals at Wimbledon last year which included an upset win over Rafael Nadal in the fourth round.TweetPinShare0 Shareslast_img read more