Why CEO Mark Barnes walked away from SA Post Office
Barnes resigns over a sharp difference of opinion with government and board over Postbank
01 August 2019 - 22:08
The CEO of the SA Post Office, Mark Barnes, resigned over a sharp difference of opinion with the government and the board on their decision to insert a Chinese wall between the Post Office and Postbank, which has applied for a full banking licence.
Postbank is a subsidiary of the Post Office and has its own board. It can accept deposits but under its limited banking licence conditions it cannot lend money...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.