'No banker bashing' as CEOs face Parliament

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town – Public hearings on transformation in the financial sector on Tuesday in Parliament were characterised by frank discussions on the progress the industry has made in implementing black economic empowerment targets, but also calls for establishing state-owned banks that will challenge the current concentrated structure of South Africa’s biggest financial institutions. 

At a joint sitting hosted by the standing committee on finance and the portfolio committee on trade and industry, close to 20 stakeholders ranging from the big banks, Cosatu, the SACP and smaller players in the industry made submissions on the matter. 

READ: Transformation talks - sex, money, monopolies and cartel crime 

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
USD/ZAR
14.06
-0.0%
GBP/ZAR
19.75
+0.3%
EUR/ZAR
17.09
-0.1%
AUD/ZAR
11.04
-0.1%
JPY/ZAR
0.13
-0.2%
Gold
1,838.05
+0.4%
Silver
27.79
+1.2%
Palladium
2,939.00
+0.3%
Platinum
1,264.00
+0.6%
Brent Crude
68.28
+0.3%
Top 40
62,573
0.0%
All Share
68,520
0.0%
Resource 10
71,474
0.0%
Industrial 25
86,856
0.0%
Financial 15
12,711
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1388 votes
No, I did not.
52% - 3470 votes
My landlord refused
27% - 1842 votes
Vote