The South African Post Office has been granted the mandate to conduct postal and financial services in South Africa through the Postal Act and the Postal Services Act 1998. This Act provides for the regulation of postal services and the operational functions of the company, including its Universal Services Obligations. The SA Post Office complies with the legislation governing State Owned Enterprise's (SOE) and is guided by various postal, courier and financial regulations laid down by the regulatory bodies such as ICASA and the Financial Services Board.