Banking Association reacts to the 23 demands the EFF is making

The Money Show’s Bruce Whitfield interviewed Cas Coovadia, Managing Director of The Banking Association.

Coovadia spoke about the EFF’s 23 demands from financial institutions.

Scroll down for quotes from the audio below.

The Reserve Bank is doing a very good job.

Cas Coovadia, Managing Director of The Banking Association

The issue is not just a banking issue. The issue here is our socio-economic problems and the large amount of people in poverty.

Cas Coovadia, Managing Director of The Banking Association

Banks will fund businesses if the regulatory issues are taken care of.

Cas Coovadia, Managing Director of The Banking Association

Banks are businesses; they need to make a profit.

Cas Coovadia, Managing Director of The Banking Association

These demands will destroy our economy and competitiveness.

Cas Coovadia, Managing Director of The Banking Association

Our banking sector is internationally recognised as working very well.

Cas Coovadia, Managing Director of The Banking Association

It’s a fallacy that the banking sector is not contributing.

Cas Coovadia, Managing Director of The Banking Association

76% of South Africans are banked. For a developing country this is very good.

Cas Coovadia, Managing Director of The Banking Association

A State Bank won’t be able to do anything different without ongoing injection from the fiscus.

Cas Coovadia, Managing Director of The Banking Association

Subscribe to our Business Wrap Newsletter

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Saica to launch KPMG probe (not so fast, says IRBA)

Saica to launch KPMG probe (not so fast, says IRBA)

The Money Show’s Bruce Whitfield interviews newly appointed KPMG SA CEO Nhlamu Dlomu and IRBA CEO Bernard Agulhas.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

How to make your business more innovative (and what that actually means)

How to make your business more innovative (and what that actually means)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Where to invest money you intend to leave to your kids

Where to invest money you intend to leave to your kids

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Learn from Julius Malema and Chad le Clos (and others) how to be a better leader

Learn from Julius Malema and Chad le Clos (and others) how to be a better leader

We spoke to famed leadership coach Adriaan Groenewald about his book “Seamless Leadership” and how to become a great leader.

Every Tom, Dick and Julius is drinking whisky. We talk to WhiskyBrother’s owner

Every Tom, Dick and Julius is drinking whisky. We talk to WhiskyBrother’s owner

The co-owner of Joburg’s first ever whisky speciality store discusses the increasingly popular drink and how he’s cashing in.

Popular articles
[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

She says President Zuma was uncomfortable with her and her decisions which saw changes to the ANC and Motsoeneng ousted.

[Watch] Payday dance: Never a dull moment in Cape Town

[Watch] Payday dance: Never a dull moment in Cape Town

Even slow-moving traffic cannot dampen the mood in Cape Town because payday came early. Watch Capetonians celebrating payday.

Outa files urgent court interdict to freeze Gupta money

Outa files urgent court interdict to freeze Gupta money

Outa wants to prevent the money leaving SA as it is meant for the rehabilitating areas in which Gupta mines were situated.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

Ocean View activist speaks: We have had 20 murders in 2017 alone

Ocean View activist speaks: We have had 20 murders in 2017 alone

Sharone Daniels, a community activist in Cape Town's Ocean View says they need police intervention to end gang violence.

[WATCH] Day-Zero for water running out fast approaching?

[WATCH] Day-Zero for water running out fast approaching?

A government employee emailed John Maytham about what he or she believes is the real state of play with the Cape water crisis.