{"id":89413,"date":"2025-09-09T17:10:46","date_gmt":"2025-09-09T17:10:46","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license"},"modified":"2025-09-09T17:32:11","modified_gmt":"2025-09-09T17:32:11","slug":"ramaphosa-says-postbank-not-ready-for-full-banking-license","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license","title":{"rendered":"Ramaphosa Says Postbank Not Ready for Full Banking License"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>President Cyril Ramaphosa says the Postbank is not yet ready to be granted a licence to function as a fully-fledged state-owned bank.<\/p>\n<p>He said the struggling entity, which serves mostly rural and poor communities, must clear a few compliance hurdles before it can establish itself as South Africa\u2019s government-owned commercial bank.<\/p>\n<p>Ramaphosa was responding to questions around the establishment of state bank during a question-and-answer session in the National Assembly on Tuesday.<\/p>\n<p>The president was asked by African National Congress (ANC) chief whip, Mdumiseni Ntuli, whether the government had established the need to capitalise the Postbank to ensure its viability.<\/p>\n<p>Ramaphosa was also asked on the establishment of a state bank, which would entail the licensing of the Postbank.<\/p>\n<p>President Ramaphosa told the National Assembly that the Postbank was still having serious governance challenges and did not yet meet the requirements.<\/p>\n<p>&#8220;Now, according to the minister, the Postbank has not yet fully met the conditions for a banking licence, particularly around its card and key management processes and the compliance with prudential standards that are required.&#8221;<\/p>\n<p>Ramaphosa said Postbank\u2019s immediate challenge was to strengthen its governance to make sure the bank was compliant with prudential standards and to stabilise its own finances.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. President Cyril Ramaphosa says the Postbank is not yet ready to be granted a licence to function as a fully-fledged state-owned bank. He said the struggling entity, which serves mostly rural and poor communities, must clear a few compliance hurdles before it can establish itself as South Africa\u2019s government-owned commercial bank. Ramaphosa [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":89412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[275],"class_list":["post-89413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ramaphosa Says Postbank Not Ready for Full Banking License - South Africa<\/title>\n<meta name=\"description\" content=\"President Cyril Ramaphosa says the Postbank is not yet ready to be granted a licence to function as a fully-fledged stat ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ramaphosa Says Postbank Not Ready for Full Banking License\" \/>\n<meta property=\"og:description\" content=\"President Cyril Ramaphosa says the Postbank is not yet ready to be granted a licence to function as a fully-fledged stat ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-09T17:10:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-09T17:32:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1757426223.839485.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ramaphosa Says Postbank Not Ready for Full Banking License\",\"datePublished\":\"2025-09-09T17:10:46+00:00\",\"dateModified\":\"2025-09-09T17:32:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license\"},\"wordCount\":225,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1757426223.839485.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-postbank-not-ready-for-full-banking-license\",\"name\":\"Ramaphosa Says Postbank Not Ready for Full Banking License - 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