Streaming issues? Report here
Kieno Kammies 2019 1500 BW
Today with Kieno Kammies
09:00 - 12:00

Up Next: The Xolani Gwala Show
See full line-up
Today with Kieno Kammies
09:00 - 12:00

Discovery will give black depositors 10 percent equity of its tech-led bank

21 November 2018 6:07 PM
'Its going to be far more difficult for white people to claim to be the victims of discrimination' says Pierre de Vos.

Discovery has appeared to have angered a lot of people with the launch of its tech-led bank that will give black depositors 10 percent equity when they join the bank.

Due to the scheme not being opened to white depositors, it is facing a backlash and has been accused of being discriminatory. Some have even gone as far as saying the scheme is immoral.

Discovery is expected to launch its tech-led bank next year in March, but the scheme is expected to complete the testing of the functionality of the bank during this festive season.

Its going to be far more difficult for white people to prove that they have been the victims of discrimination than it it would be for a black person because of our history.

Pierre de vos Claude Leon Foundation Chair in Constitutional Governance at University of Cape Town (UCT)

Speaking to Joanne on the Afternoon Drive, De vos said he disagrees with the statement that the scheme has acted immorally.

Anybody who knows what the Constitutional Court says about redress measures will know. If you have a scheme that is aimed to redress the past wrongs and is based on the categories that people have been victims of discrimination including race, gender and sexual orientation and if it doesn't unduly burden the group that will not benefit it is considered valid, he says.

Its important to take into account the differences in social statuses and power of the parties. That is why it is going to be difficult for a white person to prove that the scheme has acted immorally argues De Vos.

Click below to listen to the full interview:

This article first appeared on 702 : Discovery will give black depositors 10 percent equity of its tech-led bank

21 November 2018 6:07 PM

More from Politics

'We have evidence that the EFF and Julius Malema took bribes for tenders'

20 September 2019 11:08 AM

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.

Read More arrow_forward

Premier Alan Winde: If we can't get safety right, we can't fix any other things

20 September 2019 8:02 AM

Western Cape premier and Elsies River Community Policing Forum's Imraan Mukaddam discuss and react to plan to roll-out new cops.

Read More arrow_forward

DA says Eskom is keeping SA in the dark about looming load shedding

19 September 2019 1:32 PM

Is load shedding on the cards again? DA MP Natasha Mazzone has called on Eskom to be transparent about the possible blackouts.

Read More arrow_forward

Ramaphosa urges all parties to offer solutions to tackle gender-based violence

18 September 2019 4:16 PM

President Cyril Ramaphosa addressed an urgent joint sitting on Wednesday.

Read More arrow_forward

ConCourt upholds ruling that president must give reasons for firing ministers

18 September 2019 3:29 PM

The High Court judgment found that the president is legally obliged to provide record and reason when firing a Cabinet member.

Read More arrow_forward

Tiso editor Ranjeni Munusamy on special leave after state capture claims

18 September 2019 1:50 PM

Hawk's investigator Kobus Roelofse said this revelation came while he was investigating claims of corruption at Crime Intelligence and a vehicle dealership called Atlantis Motors in Pretoria.

Read More arrow_forward

Real measure of success lies with the judiciary - CPF Mitchells Plain on SANDF

18 September 2019 7:58 AM

Mitchells Plain CPF chair Abie isaacs says they welcome the extension of troop deployment on the Cape Flats.

Read More arrow_forward

Think Equal aims to create a gender-equitable South Africa

17 September 2019 6:51 PM

Filmmaker Leslee Udwin is on a mission to teach children to love and value other human beings.

Read More arrow_forward

[LISTEN]: Identifying the unconstitutional parts of the Rica Act

17 September 2019 5:36 PM

Attorney Dario Mil says after the surveillance is over, one should be notified should within three months.

Read More arrow_forward

DA set to introduce urgent Private Member's Bill to tackle gender-based violence

17 September 2019 1:40 PM

DA Chief Whip, John Steenhuisen explains the party's proposed legislation to tackle gender-based violence.

Read More arrow_forward