Abstract
In February 2020 the President and the Minister of Finance of South Africa declared that the South African government is planning on establishing and introducing a state-owned bank into the South African banking landscape with the aim of competing with other commercial banks.1 This, the government posited, will contribute to financial inclusion and a more competitive financial sector. At present, the Post Bank and the Land Bank function as quasi state-owned banks but do not ipso facto operate as commercial banks. Speculation has in recent years pointed to, that of all government institutions, the Post Bank is best placed to further government’s objective of establishing a state-owned bank that can compete with other commercial banks. Whilst bearing government’s intention to establish a state-owned bank in mind, it is however prudent to consider another of government’s plans in the form of South Africa’s proposed Deposit Insurance Scheme (DIS)...
LL.M. (Banking Law)