Post Office wants to be compensated when Postbank is split off
The separation of the subsidiary’s finances has been more complicated than expected, MPs told
13 May 2021 - 15:01
UPDATED 13 May 2021 - 18:05
The state-owned, loss-making SA Post Office wants the government to compensate it for its investment in its subsidiary, Postbank, when the bank is hived off to become a separate entity.
Postbank could become the core of the proposed state bank in terms of the options that the Treasury plans to submit to cabinet...
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.