Post Office wants to be compensated when Postbank is split off

The state-owned, loss-making SA Post Office wants the government to compensate it for its investment in its subsidiary, Postbank, when the bank is hived off to become a separate entity.

Postbank could become the core of the proposed state bank in terms of the options that the Treasury plans to submit to cabinet...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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