Business body on SONA: Wake up and smell the Eskom crisis, Mr President

2019-06-20 05:00

BUSA CEO Cas Coovadia has called on President Cyril Ramaphosa to announce reforms at debt-laden power utility Eskom.

Banking body says members willing to help out stressed state-owned enterprises

2018-06-25 17:40

The Banking Association of South Africa has said its members are willing to help out state-owned enterprises such as Eskom and Transnet with "expertise and resources" following a meeting with ministers.

BASA issues loan shark warning on draft bill on debt

2018-01-30 07:32

The draft bill on debt rescue should be managed responsibly, or people could resort to loansharks, warns the Banking Association of South Africa.

It's up to Gigaba to rebuild trust and confidence in mini budget - Coovadia

2017-10-16 14:52

Cas Coovadia from the SA Banking Association has called on Finance Minister Malusi Gigaba to reinstill trust and confidence when he delivers his mini budget in a week's time.

Banks seek to take charge of transformation agenda

2017-09-06 09:39

South Africa’s banks want to take charge of the transformation agenda by becoming more robust in their transformation strategy, according to the Banking Association of SA.

Cas Coovadia: ConCourt property ruling a boost for investor confidence

2017-08-30 17:17

The Constitutional Court ruling that new home owners are not liable for historical debt will bring confidence to the property sector, says Banking Association SA MD Cas Coovadia.

Prioritise debt relief for the poorest of the poor - Treasury

2017-08-02 20:30

Although a large number of people in South Africa are over-indebted it does not mean their debt needs to be extinguished as they have assets and earn an income in many instances, says an official from National Treasury.

SA banking sector is concentrated, says Coovadia

2017-07-18 05:00

Having a concentrated banking sector is not necessarily a weakness and having four major banks adds weight to the soundness of the financial sector, says BASA managing director Cas Coovadia.

Bank downgrades reflect policy confusion, weak SA leadership - BASA

2017-06-13 21:05

The credit rating downgrades of SA's largest banks further emphasise policy confusion and weak leadership in the country, says the Banking Association of SA.

Gigaba assures banks of policy stability - BASA

2017-04-06 17:17

New Finance Minister Malusi Gigaba has assured South Africa's banks that there will be no shift in policy direction, says Banking Association MD Cas Coovadia.


Banks urge Ramaphosa to put politics aside in fixing state firms

2019-02-15 08:40

The Banking Association of South Africa has urged President Cyril Ramaphosa to prioritise the country’s wider interests rather than securing votes for the ANC.

Capitec issue highlights importance of ethics in unsecured lending

2018-01-31 16:47

While unscrupulous lending practices must be condemned, responsibly managed unsecured lending is a critical tool for financial inclusion, says Cas Coovadia.

Land reform can be win-win

2017-12-17 06:02

Despite the persistent problem of failing land reform projects, Cas Coovadia believes there is a solution.

SA needs to redefine its starting point - Coovadia

2017-09-17 13:28

There are four things that need to change to redefine the country’s starting point, says Cas Coovadia of the Banking Association of South Africa.

Radebe: Government, business must join hands to help poor

2017-09-01 05:00

Government and business must work together if South Africa is to achieve accelerated inclusive growth, says Planning Minister Jeff Radebe.

Gordhan-Oakbay ruling confirms ‘sanctity’ of client-bank relationships - BASA

2017-08-18 17:51

Cas Coovadia says a high court ruling dismissing an application of former finance minister Pravin Gordhan against Gupta-owned Oakbay confirms the sanctity of bank-client relationships.

Banking industry withstanding economic shocks - Coovadia

2017-07-18 18:27

The banking industry remains profitable despite tough economic conditions, but matters could improve, according to banking association MD Cas Coovadia.

FIC will be costly for banks and consumers

2017-07-17 19:47

Complying with the Financial Intelligence Centre Act will be costly for banks and it will impact consumers, says representatives of the Banking Association of South Africa.

Full impact of downgrades has yet to hit SA - Coovadia

2017-06-10 13:30

South Africa has yet to experience the full impact of credit rating downgrades, Banking Association South Africa MD Cas Coovadia has warned.

Coovadia: Firing of Gordhan not a political issue

2017-03-31 21:23

The firing of former finance minister Pravin Gordhan is not a political issue, according to Cas Coovadia, chair of the Banking Association of SA and part of the CEO Initiative.

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