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Zuma blames top four banks for controlling economy

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Cape Town – President Jacob Zuma on Friday blamed South Africa’s top four banks for controlling the economy, hours after his State of the Nation Address (SONA) in Parliament.

“If you have got four banks - major ones - and they take everything; they don’t want you to do anything,” he said on SABC’s Morning Live, which is sponsored by Gupta-owned newspaper, The New Age.

Zuma said banks often treated poor black people unfairly due to their lack of collateral. “The time has come: we should be able to deal with the economy at a fair level,” he said.

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