Latest News & Developments
There is a disturbing trend of arbitrary bank account closures affecting politicians worldwide, from Melania Trump to Julius Malema, says the writer.
In a bold legal move, the Trump Organisation accuses Capital One of politically motivated account closures, claiming significant financial harm. What does this mean for the future of banking and political affiliations?"
OPINION: The banks must be forced to serve all South Africans, not just the privileged few. The fight for economic freedom is not over, writes Sipho Tshabalala.
The banking sector is not a friend of the people. It has never been. It exists to serve itself, to protect the old order, and to ensure that economic power remains exactly where it has always been.
Omphile Maotwe of the EFF confronts South African banks and regulators in Parliament, demanding accountability for high bank charges and calling for transformative policies.
The ongoing saga of Ithala SOC Limited, a vital bank for KwaZulu-Natal's communities, raises serious concerns as Parliament addresses its liquidation and the implications for social grant recipients.
Ithala Bank's Liquidation Sparks Parliamentary Debate Over Political Motives and Impact on 65,000 Grant Recipients.
MK Party voices concerns over alleged collusion between BASA and South African banks.
Molefe called for urgent legislative intervention to regulate banking practices, arguing that banking is a public service and should be governed by laws that protect consumers from arbitrary and unfair treatment.
South African banks face increased scrutiny as allegations of discriminatory practices and arbitrary account closures emerge. Calls for stricter regulations are growing to ensure transparency and accountability in the banking sector.
Standing committee on finance chairperson Joe Maswanganyi said the finance standing committee has repeatedly expressed concerns regarding the lack of urgency in addressing financial exclusion and gradual transformation within the financial sector.
Lawmakers scrutinise BASA and major South African banks for failing to meet transformation targets, demanding accountability and concrete actions to support Black-owned businesses.
Will South Africa's Major Banks Be Held Accountable for Allegations of Collusion and Racial Discrimination?
MK party spokesperson, Nhlamulo Ndhlela said Finance Minister Enoch Godongwana is turning a blind eye to the reality of people being economically excluded unfairly by banks.
Parliament must act decisively to safeguard democracy by curbing the unchecked influence of banks.
These banks must face real consequences—consequences that send a clear message: no one is above the law, no matter how powerful they think they are, says the writer.
Edmond Phiri explores how South Africa's major banks operate with unchecked power, mirroring mafia tactics, and why reform is urgently needed.
Similar to Nazi propaganda, Karyn Maughan paints Sekunjalo as the villain while letting colossal corporate collusion slip away with a friendly pat on the back.
The core question is whether Karyn Maughan’s unwavering slant towards the banks reflects her own ideological alignment or a wholesale inability to shake off deep-seated, possibly racial biases.
ANC President Cyril Ramaphosa must square the circle by explaining how the ANC justified forming a coalition government with its ideological enemies.
2024 has been a year of profound challenges and transformative achievements—a year that underscores the power of vision, resilience, and collective action, writes Dr Iqbal Survé.
The Competition Commission's ruling against Nedbank reveals unethical banking practices and highlights the need to protect fair competition for groups like Sekunjalo.
Explore the alarming financial assault on Sekunjalo, where banking closures threaten the livelihoods of hundreds, raising critical ethical questions about legal practices and corporate responsibility.