Legal opinion finds Zuma's contention on Fica Bill has no standing - Coovadia

Managing director of Banking Association of South Africa, Cassim Coovadia, says it is not valid to say that the Financial Intelligence Centre Amendment Act, so-called Fica Bill, gives too much to the banks, will target black people unfairly and is racist.

Coovadia says all legal opinion has found the President's contention to have no standing, and the Bill is, in fact, constitutional.

President Jacob Zuma sent the Bill back to Parliament raising concerns about the constitutionality of provisions relating to warrant-less searches in the Bill.

Listen to the audio below for more information...


This article first appeared on 702 : Legal opinion finds Zuma's contention on Fica Bill has no standing - Coovadia


Recommended

by NEWSROOM AI
Read More
Black entrepreneurs must not use Fica Bill as excuse for breaking law - Carrim

Black entrepreneurs must not use Fica Bill as excuse for breaking law - Carrim

Parliament's Standing Committee on Finance chair, Yunus Carrim, says it is not true that the Fica Bill gives power to the banks.

Manyi concerned with how FICA bill will be implemented

Manyi concerned with how FICA bill will be implemented

The hearing on FICA amendments hit a brick wall in parliament on Wednesday. President Jacob Zuma is yet to sign the bill.

'Legal opinions are clear - the Fica Bill is Constitutional'

'Legal opinions are clear - the Fica Bill is Constitutional'

The Money Show’s Bruce Whitfield interviews Banking Association of South Africa Managing Director Cas Coovadia.

Fica bill's warrantless searches constitutional, argues Casac

Fica bill's warrantless searches constitutional, argues Casac

President Zuma sent the bill back to Parliament over concerns that searches without a warrant could amount to invasion of privacy.

Contentious clause in Fica Bill back in the spotlight

Contentious clause in Fica Bill back in the spotlight

Several organisations including Business Leadership SA will be in Parliament for the Fica Bill hearings.

‘Jacob Zuma, sign the anti-corruption Fica Bill now!’ - Business Leadership SA

‘Jacob Zuma, sign the anti-corruption Fica Bill now!’ - Business Leadership SA

President Jacob Zuma says the Fica Bill infringes on the rights of powerful people. BLSA says this objection is without merit.

Treasury says Fica Bill objections are not based on legal opinion

Treasury says Fica Bill objections are not based on legal opinion

The Money Show’s Bruce Whitfield interviews Treasury’s Ismail Momoniat and Banking Association South Africa’s Cas Coovadia.

Constitutionality of warrantless searches of powerful people to fight corruption

Constitutionality of warrantless searches of powerful people to fight corruption

Jacob Zuma won’t sign the corruption-fighting Fica Bill, citing warrantless searches of powerful people the Bill targets.

CASAC: SA banks' international credibility at stake if Fica Bill not signed

CASAC: SA banks' international credibility at stake if Fica Bill not signed

Council for the Advancement of the Constitution has threatened legal action against Zuma over the amendment of the bill.

The dangers of not signing the Fica Bill into law

The dangers of not signing the Fica Bill into law

Lawson Naidoo describes the importance for President Jacob Zuma to sign the Fica Act into law.

Jacob Zuma says anti-corruption Fica Bill infringes on rights of powerful people

Jacob Zuma says anti-corruption Fica Bill infringes on rights of powerful people

Treasury wants to amend Fica to fight corruption. Bruce Whitfield interviews Stuart Theobald and Steven Powell.

Popular articles
More arrests are imminent in connection with the cash-in-transit heists - Hawks

More arrests are imminent in connection with the cash-in-transit heists - Hawks

Seven suspects were arrested in Limpopo in less than 24 hours after a cash-in-transit vehicle was blown up in the province.

Consumers beware of illegal, deadly weight-loss products

Consumers beware of illegal, deadly weight-loss products

Consumer journalist Wendy Knowler and a medical testing expert put several harmful weight-loss products under the microscope.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

5 contributing factors to the Western Cape's growing green economy

5 contributing factors to the Western Cape's growing green economy

GreenCape CEO Evan Rice unpacks why our province is seeing a great deal of success with sustainable energy projects.