Bloomberg News

Postbank to Apply for Banking License by Year-End, Beeld Says

August 30, 2011

Aug. 30 (Bloomberg) -- South Africa’s Postbank will apply for a banking license in December, Beeld reported, citing Roy Padayachie, the minister of communications.

Postbank, a unit of the South African Post Office, plans to trade as a retail bank, the newspaper cited Padayachie as saying.

To contact the editor responsible for this story: Robert Brand at rbrand9@bloomberg.net


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