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SARB’s Naidoo sparks row Luyolo Mkentane, Pretoria News, 28 March 2017 SA Reserve Bank (SARB) deputy governor Kuben Naidoo has been harshly criticised for seemingly coming out in support of the lack of transformation in the critical financial services sector. The Progressive Professionals Forum (PPF) took issue with Naidoo for allegedly saying the "white monopoly capital" controlling the country's banking sector was in fact providing financial stability. The forum called on government to immediately nationalise the Reserve Bank, so that it could retain its rights, responsibility and obligation to transform it and by extension, the industry. The PPF said Naidoo's "unfortunate and reckless defence" came at a time when Absa, which is among the country's largest banks, was still in the process of convincing the Office of the Protector Protector "why it should not pay back over R2.25 billion of alleged apartheid-era loot". Yesterday, ANC secretary-general Gwede Mantashe said the meeting of the national executive committee in Pretoria at the weekend "condemned the collusive behaviour of the banks and called on government to strengthen regulations intended to deter anti-competitive behaviour". Transcribed __________ Information from ESET NOD32 Antivirus, version of malware database 15161 (20170328) __________ The message was checked by ESET NOD32 Antivirus. http://www.eset.com ________________________________ [http://imageshack.com/a/img32/381/6b28.png] E-mail Disclaimer: The information contained in this communication is confidential and may be legal privileged. It is intended solely for the use of the individual or entity to whom it is addressed and others authorised to received it. If you are not the intended recipient you are hereby notified that any disclosure, copying, distribution or taking action in reliance of the contents of this information is strictly prohibited and may be unlawful. The views and opinions expressed in this e-mail are those of the sender unless clearly stated as those of South African Democratic Teachers Union (SADTU). SADTU accepts no liability whatsoever for any loss or damages incurred or suffered arising from the use of this e-mail or its attachments. SADTU does not warrant the integrity of this e-mail nor that it is free of errors, viruses, interception or interference. -- -- 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]. To post to this group, send an email to [email protected]. Visit this group at https://groups.google.com/group/yclsa-eom-forum. To view this discussion on the web, visit https://groups.google.com/d/msgid/yclsa-eom-forum/533A2CE396AEAF46A12C809E9F98070501D11B2FD7%40sadtuex01.SADTU.org.za. For more options, visit https://groups.google.com/d/optout.
