South African Post Bank Limited Amendment Act 10 of 2023 (English / Afrikaans)

10 of 2023

The South African Post Bank Limited Amendment Act 10 of 2023 intends:

  • to amend the South African Postbank Limited Act, 2010, so as
    • to amend and insert certain definitions; to amend the objects of the Act;
    • to provide for the transfer in shareholding from the South African Post Office SOC Limited to Government and the creation of a bank controlling company for ‘‘The Postbank SOC Limited’’ in terms of the Banks Act, 1990;
    • to provide for the appointment of the chief executive officer and the chief financial officer; and
  • to provide for matters connected therewith.

Commencement

To be proclaimed in a Government Gazette.

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