* FSCC 23 April 2013*
*Statement of the Financial Sector Campaigns Coalition*The Financial Sector Campaigns Coalition (FSCC) held a national seminar from the 21-23 April 2013. The seminar was attended by close to 80 participants, drawn from organisations including amongst others, SACP Provincial structures, YCL, ANC, NCR, SANTACO, SEFA, GEPF, NEHAWU, SACCO, Ditsobotla, SPII and DTI. The Seminar considered the current state of the FSCC and the transformation challenges in the financial sector. The seminar came to the following conclusions:
1.1 The need to re-establish the FSCC in all the provinces in line with the policy of inclusiveness and broadening participation. Including participation by progressive formations, the unions, the NGO sector, the youth and women movement, etc.
1.2 The coalition will need to refocus the campaign to address, primarily, but not limited to:
(a) Investments of monies and assets in the hands of the financial
sector institutions into Productive economy
(b) Champion consumer issues particularly the core social issues
like housing, education, (etc), and against unfair credit bureau
listings
(c) Reclaim the streets and intensify mass mobilization against:
(i) Reckless lending by banks and micro lenders
(ii) Support the work of the NCR and fight against attempts to
cower it down and absorb it into the FSB
(iii) Fight against evictions of people from their houses
(iv) Campaign for community re-investment legislation --
particularly around housing
(v) Embark on financial and consumer education and rights programmes
(vi) Establish relevant capacity for the FSCC, especially with
regard to Research and Development
1.3 Establish consumer advisory centers in all the districts and
possibly in all our communities, as a one stop advice centre on consumer
matters. The seminar committed coalition members to fight for the Banks
to fund these centers.
1.4 The FSCC will intensify the fight against evictions 1.5 Other Consumer Issues to embark on as a programme includes: a. Engage the cell phones industry on the issue of dropped calls b. Improve the services of Mzansi Account and protect it from the Banks attempt to do away with it.1.6 The seminar called on government to speed up the process of establishing the co-operatives academy
1.7 The coalition will fight for the introduction of the low prescribed assets -- to influence the focus and direction of investment into the needy areas
1.8 We should call for the publicly administered fund of all unclaimed pension and retirement fund benefits -- this should also be made available for development
1.9 We should also call for a legislation to improve or create the socially responsible investments by corporate to be developmental in nature
1.10 We will engage the Trade Unions fund managers and industry to re-look at the investment pillars and focus on meeting the social needs of fund owners.
1.11 Co-ordinate a process to form co-operatives banks and other viable forms of collective banks
1.12 Call for the speedy allocation of the full banking license to the Post Bank
1.13 Create viable and dependable enterprises for sustainable livelihoods1.14 Fight against securitization of credit and balancing the scale of justice between the banks and the consumers
1.15 Launch a spirited fight against the selling of debt books by some of the municipalities.
1.16 Fight against the unlawful collection of debts including the garnishee orders
1.17 We also need to build partnerships to unleash the developmental potential within the taxi industry in order to serve the poor and the working class.
1.18 The seminar called for the second financial sector summit with NEDLAC partners to review the 2002 charter commitments and develop new responses to the current challenges
*Issued on behalf of the Seminar by the Financial Sector Campaigns Coalition Chairperson, Solly Mapaila*
For interviews with the Chairperson of the FSCC please contact: *Malesela Maleka* *SACP Spokesperson -- 082 226 1802* *Or* *Moeketsi Rakgosi* *FSCC Co-ordinator -- 083 886 0114* ------------------------------------------------------------------------ -- _*Communist University*_*:*_CU Downloads_: _*sites.google.com/site/cu2012courses/* <https://sites.google.com/site/cu2012courses/>_
_E-mail forums_: _*CU* <https://groups.google.com/group/communist-university>_; _*YCLSA* <https://groups.google.com/group/yclsa-eom-forum>_; _*CU-Africa* <https://groups.google.com/group/CUAfrica>_; _*SADTU* <https://groups.google.com/group/sadtu-political-education-forum>_
_Blog_s: _*CU* <http://domza.blogspot.com/>_; _*YCLSA* <http://wftu-yclsa-cu-jhb.blogspot.com/>_; _*CU-Africa* <http://cuafrica.blogspot.com/>_; _*SADTU* <http://sadtu-pol-ed.blogspot.com/>_
_Moderator_: _*[email protected]* <mailto:[email protected]> _ _ _ -- -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] .--- You received this message because you are subscribed to the Google Groups "YCLSA Discussion Forum" group.
To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
<<inline: FSCC.JPG>>
