The African National Congress is to pressurise government to issue the South African Post Bank with a licence to allow it to operate as a fully-fledged financial services entity.
There has been an outcry over the slow pace in which the Reserve Bank has been handling the Post Office Bank’s application to allow it to compete with major commercial banks.
Chairperson of the ANC’s sub-committee on Communications, Jackson Mthembu, told the media in Johannesburg that the party earlier resolved that the Post Bank should be utilised for multi-million-rand government transactions.
“We further urge government to move with speed to enable the resolution that the Post Bank shall be the first choice of government and citizens transactions. Including that the government business must be availed to the Post Office through inter-government framework and not through supply chain management process.”