South African Postbank SOC Limited Act, 2010 (Act No. 9 of 2010)

Chapter III : Powers and Duties of Company

9. Powers and duties of Company

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(1)The Company has the powers to enable it to realise the object referred to in section 2

[Section 9(1) substituted by section 5(a) of the South African Postbank Limited Amendment Act, 2013, Notice No. 54, GG37270, dated 27 January 2014]

 

(2)
(a)The Company, the bank controlling company and the Post Office must, with the concurrence of the Minister and the Minister of Finance, conclude an agreement which governs cooperation between the Company, the bank controlling company and the Post Office.
(b)Such agreement must include, amongst others, terms and conditions relating to the utilisation by the Company of infrastructure of the Post Office, envisaged in section 2.

Section 9(2)(a) substituted by section 4 of the South African Post Bank Limited Amendment Act, 2023, Notice No. 3746, GG49374, dated 27 September 2023: effective 19 February 2024, Commencement Proclamation 152, GG50126, dated 15 February 2024]

 

(3)[Section 9(3) deleted by section 5(b) of the South African Postbank Limited Amendment Act, 2013, Notice No. 54, GG37270, dated 27 January 2014]