South African Communications Minister Solly Malatsi says Postbank’s application for a full commercial banking licence could take between two and three years, depending on when remaining requirements are completed. He frames the timeline as extending after work is finished on issues related to the bank’s governance, capital, and operational readiness.
The report presents the delay as procedural rather than immediate, indicating that the licensing process is contingent on meeting regulator expectations. It highlights that “outstanding” elements must be addressed before the application can progress. No other details are provided in the source about the exact regulator, specific conditions, or whether the timeline represents an estimate from the regulator versus the minister’s own assessment.
Overall, the outlet emphasizes the expected duration of the licensing process and the categories of compliance still to be satisfied, without offering contrasting figures or separate angles from other reporting.
