Postbank says SARS turned its profit into a loss, while the Reserve Bank stopped it signing up customers

Business BagelChristian Maidman · 13 October 2026 at 02:45

The state bank that pays out social grants blames a R44.5 million SARS interest charge for its loss, but its fee income halved under a Reserve Bank restriction and a write-back from Land Bank repayments held up what was left.

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