growth catalyst
At long last South Africa will see the establishment of a state bank. The president signed the Post Bank Limited Amendment Bill into law in September last year and the South African Reserve Bank’s prudential authority must now formalise this in a licence.
The ANC prides itself on being the oldest liberation movement in Africa which might explain why it has taken nearly 30 years to establish a state bank.
In contrast, when Jan Smuts and his Boer generals took power in 1910, snatching victory
