The object of this Act is to provide for the incorporation of the Postbank Division of the Post Office as a legal person with the aim of—
| (b) |
rendering transactional services and lending facilities through, amongst others, existing infrastructure of the Post Office; |
| (c) |
expanding the range of banking services and developing into a bank of first choice, in particular to the rural and lower income markets as well as communities that have little or no access to commercial banking services or facilities; |
| (d) |
promoting universal and affordable access to banking services; |
| (e) |
ensuring that the rates and charges of the Company take into consideration the needs of the people in the lower income market; and |
| (f) |
ensuring lending to rural and lower income markets. |
Statistics Act, 1999
