South African Postbank Limited Amendment Bill 12 of 2022
The South African Postbank Limited Amendment Bill 12 of 2022 was introduced to the National Assembly on 17 May 2022.
The explanatory memorandum of the Bill describes the object of the Bill as follows:
“The objects of the Bill are to amend the Act, so as to substitute and insert certain definitions; to adjust the establishment and shareholding arrangements for the Postbank through the creation of a new banking controlling company (BCC); to facilitate its establishment and registration as a BCC in terms of the Banks Act; and to provide for matters connected therewith.”
A copy of the Bill is available at: https://pmg.org.za/files/1/B12-2022_SA_Postbank_Ltd.pdf
Date posted: 25 May 2022