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

No. 1153

3 December 2010

(English text signed by the President.)

(Assented to 1 December 2010.)

It is hereby notified that the President has assented to the following Act, which is hereby published for general information:—

To provide for the incorporation of the Postbank Division of the South African Post Office; to provide for the transfer of the enterprise of that Division to the Postbank company; to provide for the governance and functions of the Postbank company; to provide for the transfer in shareholding from the South African Post Office to Government through the creation of a bank controlling company for The Postbank SOC Limited in terms of the Banks Act, 1990; and to provide for matters connected therewith.

[Long title substituted by section 17 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]

BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:—