Postbank is ready to take up the role of a state bank, with plans to roll out 100 new branches across the country. This is according to communications minister Khumbudzo Ntshavheni. Speaking to media this week, Ntshavheni said the bank is assessing which post office branches will be brought on board and upgrading will begin soon to develop a proper banking infrastructure. She said the bank will operate within the same […]
Representatives of SA's banking and financial services industry say they are finding it difficult to understand government's rationale behind establishing a commercial state bank. Delivering the Budget in Cape Town on Wednesday, Finance Minister Tito Mboweni said government would proceed to establish a new state bank whose "architecture will be that of a retail bank operating on commercial principles". "The state bank will be subject to the Banks Act, and […]
VOC became the first Muslim radio station in South Africa when a special events license was granted to the station in Ramadan/January 1995. Subsequent temporary broadcast licenses were granted, permitting the station to broadcast for 24 hours.
