Postbank journey to bank status at an advanced stage, says minister

2019-10-24 21:05

Minister of Communications Stella Ndabeni-Abrahams says responsibility and control of Postbank has been transferred to the Postbank Board and management in line with section 6 of the South African Postbank Limited Act.

Future of Postbank still in the balance after Barnes resignation

2019-09-03 22:01

Minister of Communications Stella Ndabeni-Abrahams has said that differences in determining the fate of Postbank were behind the decision of Mark Barnes to resign as CEO of the South African Post Office, and that talks are still underway to determine a path forward.

SA Post Office in hot water over R200m Postbank transfer

2018-08-19 06:01

Chief executive of the SA Post Office Mark Barnes has been summoned by the telecommunications ministry for allegedly dipping into the coffers of its subsidiary, Postbank, and transferring R200m to pay creditors.

Gupta firms turned away from Postbank

2017-10-31 09:01

Gupta-owned and linked companies were turned away from Postbank, after they requested opening a bank account with the South African Post Office’s bank.

Two new state banks eye rapid expansion

2017-06-11 06:00

Postbank aspires to lending, while Ithala’s plan is to attract public sector depositors.

Let post office distribute social grants - SACP

2017-02-22 21:36

The SA Post Office must handle the distribution of social grants from April 1, the SACP has said.

Alleged fraudster would have done more harm

2014-12-02 20:18

A former Gautrain Management Agency employee and fraud accused could have caused more losses had he not been arrested, the Johannesburg Specialised Commercial Crimes Court has heard.


Govt plans for Postbank are 'backward', belong in Thatcher era - union

2019-09-27 11:33

Communication Workers Union secretary general Aubrey Tshabalala says a proposal to realign Postbank’s shareholding to National Treasury was at odds with best practice globally.

Postbank: State bank in the making singles out customers at the bottom of the pyramid

2018-11-14 12:41

With double the required amount of capital in hand, Postbank says it’s ready to be a fully fledged bank, able to offer loans to a largely ignored market segment.

Sassa to start paying grants through Postbank in February

2018-01-17 06:09

The South African Social Security Agency (Sassa) will for the first time make electronic payments to approximately two million social grant beneficiaries through its new corporate Postbank account.

SARB receives Postbank application as ANC piles on pressure

2017-07-06 06:01

The Reserve Bank has confirmed it received a submission from Postbank for a banking licence as the ANC puts pressure on government to speed up the process.

Post Office CEO: We are ready and willing to take over Sassa payments

2017-03-03 16:27

South African Post Office CEO Mark Barnes says the parastatal is “finding it difficult to understand” why it is not tasked with distributing social grants.

Govt doesn't want to collapse banking system - Cwele

2017-02-15 19:46

The ANC-led government does not want to collapse the banking system, but rather reform it to provide access to previously disadvantaged South Africans, Parliament has heard.

Postbank fraudster in court

2014-06-17 21:39

A fugitive who evaded police for two years after allegedly committing fraud worth over R400m has appeared in the Bloemfontein Magistrate's Court.

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