End of an era for historic 142-year partnership in South Africa
From 2 May, Postbank services will no longer be available at Post Office branches, marking a new era for the state-owned bank apart from its old parent.
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From 2 May, Postbank services will no longer be available at Post Office branches, marking a new era for the state-owned bank apart from its old parent.
South African ICT firm Time Quantum is seeking over R100 million in damages in a legal dispute with Oracle over a contract with the South African Post Office.
Postbank has secured a financial services provider licence, but is still working on obtaining its banking licence.
The state-owned Postbank had a deeply compromised technology environment, leaving the institution highly vulnerable to external cyberattacks and internal fraud.
More than 75% of the bank’s clients have moved to private banks.