We are also going to be embarrassed because of this, this is a dangerous piece of legislation.— Jimmy Manyi
I don’t know how to respond to that [Jimmy Manyi’s claim that the Fica bill is a bid to bankrupt the ANC].— Cas Coovadia, Banking Association South Africa
The Money Show’s Bruce Whitfield interviewed Banking Association of South Africa Managing Director Cas Coovadia.
He attended Wednesday’s hearings on the Financial intelligence Centre Amendment Act that was sent back by President Jacob Zuma.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
All opinions basically said that the President’s concerns have no basis.— Cas Coovadia, Banking Association South Africa
The Bill is Constitutional.— Cas Coovadia, Banking Association South Africa
The international trend is to look at politically influential people; also in the private sector.— Cas Coovadia, Banking Association South Africa
It’s about fighting corruption… It’s clearly in the national interest!— Cas Coovadia, Banking Association South Africa
The President has to sign it or refer it to the Constitutional Court.— Cas Coovadia, Banking Association South Africa
Legal opinions are quite clear.— Cas Coovadia, Banking Association South Africa
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Get a free credit report, then follow these five tips and see by how much you can improve your credit record.
Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.
President Jacob Zuma says the Fica Bill infringes on the rights of powerful people. BLSA says this objection is without merit.
The Money Show’s Bruce Whitfield interviews Treasury’s Ismail Momoniat and Banking Association South Africa’s Cas Coovadia.
Treasury wants to amend Fica to fight corruption. Bruce Whitfield interviews Stuart Theobald and Steven Powell.
Treasury wants legislation to help it keep tabs on individuals in positions of power in the public and private sectors.
With only five teams in the World Cup, Africa's performance hasn't exactly been memorable, so what could be the problem?
A CapeTalk listener shares the story of a young man who saved a family of five from a burning house.
Reverend Solomuzi Mabuza says he is considering laying charges against the woman for calling him a ka***r.
Freedom Under Law is demanding an explanation from the NPA after Jiba was spotted at their offices, defying a court order.
The concept is not new, or a hipster fad. The Money Show’s Bruce Whitfield interviews Nude Foods founder Paul Rubin.
State-owned (but not managed) Ethiopian Airlines is profitable. Bruce Whitfield interviews Africa correspondent Lee Kasumba.
On Tuesday, SuperSport released the findings of an investigation by Advocate Vincent Maleka.
Employment law litigator Joe Mothibi explains that an annual increase is not a given unless stated otherwise in the job contract.
On Tuesday SuperSport and Multichoice's said there was no evidence of racism following an investigation into the incident in May.
AfriForum's Kallie Kriel says Jiba abused her position to fabricate a case against former KZN Hawks head General Johan Booysen.