In this Act, unless the context indicates otherwise, any word or expression to which a meaning has been ascribed in section 1 of the Public Finance Management Act, bears the meaning so ascribed, and—

"Banks Act"

means the Banks Act, 1990 (Act No. 94 of 1990);

"Board"

means the board of directors of the Company;

"Companies Act"

means the Companies Act, 1973 (Act No. 61 of 1973);

"Company"

means South African Postbank Limited contemplated in section 3;

"family member"

in relation to any person, means his or her parent, sibling, child, including an adopted child or a step-child, or spouse (whether by statutory, customary or religious law), and including a life partner who is a person living with that person as if they were married to each other;

"former Postbank"

means the Postbank referred to in section 51 of the Postal Services Act, 1998 (Act No. 124 of 1998), as it existed as a division of the Post Office immediately prior to the repeal of that section;

"member"

means a member of the Board;

"Minister"

means the Minister of Communications;

"Post Office"

means South African Post Office Limited established in terms of the Post Office Act;

"Post Office Act"

means the Post Office Act, 1958 (Act No. 44 of 1958);

"Postal Services Act"

means the Postal Services Act, 1998 (Act No.124 of 1998);

"PubIic Finance Management Act"

means the Public Finance Management Act, 1999 (Act No.1 of 1999);

"Registrar of Banks"

means the Registrar of Banks designated as such under section 4 of the Banks Act;

"Republic"

means the Republic of South Africa;

"the business of a bank"

has the meaning ascribed to it in the Banks Act;

"the business of the former Postbank"

means the rights, obligations, assets and liabilities of the former Postbank contemplated in section 5(1);

"this Act"

includes any regulation made under section 26;

"transfer date"

means the date determined by the Minister in terms of section 6.