The South African government has announced that it has taken over ownership of the Postbank from the Post Office, as part of its pursuit of state bank objectives. However, there are concerns about the government's ability to run a bank effectively.
Something that we are looking at in the financial services space is the Postbank . We received a very interesting announcement from the government, saying that it has taken over ownership of the Postbank from the Post Office . Now, we knew that this was gazetted as part of legislation a while ago and was in the works. But it looks as though the government of South Africa is now actively pursuing their state bank objectives.
I’m joined on the line by Denker Capital director Kokkie Kooyman to take a look at this. Good evening, Kokkie. Thanks so much for taking the time. I don’t even know where to start. If you think about state-owned entities the first question is: Do we need another one? Definitely not. The mind boggles. And to be very frank, let’s call it a ridiculous idea when the state has so far proved incapable of running any organisation, and now they want to run a ban
South Africa Government Ownership Postbank Post Office State Bank Concerns
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