Carol Paton Writer at Large

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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.