Johannesburg - The DA has laid criminal charges against the members of the previous SA Post Office (Sapo) board for their failure to exercise fiduciary duties during their term in office.
The DA accused the 12, including former board chairwoman, Hlamalani Manzini, of milking the embattled post office of millions of rand.
DA post and telecoms spokesman Cameron Mackenzie said as result of their neglect, Sapo failed to table its annual report for 2014/15 before Parliament.
“Notwithstanding a warning from the independent auditors in the Sapo annual report for year ended March 2014 projecting a group loss of R1.3 billion for the following year, these directors continued leading an entity that was trading recklessly… and in need of business rescue,” said Mackenzie.
BUSINESS REPORT