Ntomboxolo Mbengashe

Chief Executive Officer, Postbank

Ntomboxolo Mbengashe is Chief Executive Officer of Postbank, in the role since July 2023.

Postbank is a state-owned bank, separated from the South African Post Office, that is being developed into a fully fledged state bank. It reported about R10 billion in assets and registered as a licensed financial services provider in March 2026.

In the job

  1. Told Parliament's communications committee that South Africa still needs a fully functional state bank, in a briefing on Postbank's five-year strategic plan. Source

  2. Asked Parliament to back R1.7 billion in funding to maintain capital adequacy, after the bank spent more than R500 million of its own revenue over 18 months. Source

  3. Postbank registered as a licensed financial services provider with the Financial Sector Conduct Authority. Source

Career before

  1. Executive, including terminal manager roles at Saldanha, Richards Bay and Gqeberha, Transnet
  2. about five yearsChief operating officer, Absa retail bank
  3. almost five yearsChief operating officer, Woolworths Financial Services
  4. 2019Adviser to Telkom on a banking and financial services unit
  5. from 2021Chief operating officer, ooba

Education

National Diploma in Industrial Engineering, Nelson Mandela University; MBA, University of Cape Town

Sources

  1. news24.com
  2. ewn.co.za
  3. businessreport.co.za
  4. ewn.co.za
  5. sanews.gov.za

Facts last checked 3 November 2026. Spotted something out of date? Tell us.

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