To amend the South African Postbank Limited Act, 2010, so as to amend and insert certain definitions; to amend the objects of the Act; to provide for the transfer in shareholding from the South African Post Office SOC Limited to Government and the creation of a bank controlling company for ‘‘The Postbank SOC Limited’’ in terms of the Banks Act, 1990; to provide for the appointment of the chief executive officer and the chief financial officer; and to provide for matters connected therewith.