Sun May 26 01:25:43 SAST 2013

Post Bank shuns deal

Sep 25, 2012 | Mpho Sibanyoni, Business Reporter | 3 comments

THE Post Bank has turned down suggestions that the parastatal should rather partner with commercial banks than pursue a licence that will turn it into a fully fledged commercial bank.

Comments

Sun May 26 01:25:43 SAST 2013 ::
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Sep 25, 2012

MorenaWaPolelo

What is a group deputy chief executive Sim Tshabalala?? Is it an excuse not to have a black CEO?? Anyway Post Office banking I support you move you must not allow a bank advised by Saki or any other bank to talk about the bile of PPP to confuse you!!!MOOOR a head with your strategy iit is only now that these bank want to go rural because you have set up infrastructure!!!
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Sep 25, 2012

9janavy

Big ups to post bank,you were the first bank to allow non South Africans to open bank accounts hassle free.Hurry up and start trading as commercial bank and offer a wide range of banking options.Also offer lower banking fees and upgrade your ATMs.We all want to move all out out liquid assets from all these other sharks who call themselves banks and rip us off with ridiculous charges.Also offer paperless international transfers as that will give us less hassle when transferring payments in and out of the country for business or personal use. :)
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Sep 27, 2012

manyatshe

the formal banking sector should have engaged Post Bank behind the scenes before public pronouncement.
Post Bank is well advised to scrutinize the offers from the big four, they should not allow unprofitable services dumped on them whilst they take the cream off the top!
Post Bank has the potential to be a good competitor with the banks by joining hands with the shareholder - the big banks fear the moment the post office and government get their act together. the advice from them must be taken with a pinch of salt by any executive in the post bank.

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