Latest News & Developments
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Politicians and Public Officers the Most Likely Victims of Arbitrary Bank Account Closures
There is a disturbing trend of arbitrary bank account closures affecting politicians worldwide, from Melania Trump to Julius Malema, says the writer.
Trump organisation sues Capital One over account closures and alleges political de-banking
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?"
Banks' Relentless Exclusion: The Covid-19 Loan Scheme That Was Never Meant for Black South Africans
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.
Black Exclusion, White Power: South Africa’s Banks Refuse to Transform
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.
SA needs more robust banking policies to curb high banking charges and questionable ethics, says EFF's Omphile Maotwe
Omphile Maotwe of the EFF confronts South African banks and regulators in Parliament, demanding accountability for high bank charges and calling for transformative policies.
MK Party addresses Ithala liquidation during major banks' grilling over collusion, exploitative practices in Parliament
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 reeks of desperation and politics, says Van Rooyen
Ithala Bank's Liquidation Sparks Parliamentary Debate Over Political Motives and Impact on 65,000 Grant Recipients.
‘Is BASA colluding with SA banks,’ asks MKP in Parliament
MK Party voices concerns over alleged collusion between BASA and South African banks.
‘Urgent intervention required to prevent SA Banks from arbitrarily closing bank accounts’
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.
‘Banking is a public service, banks must be accountable,’ says Molefe
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.
Banking Sector under Parliamentary microscope over racist business practices, lack of transformation
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.
BASA and SA banks must be held accountable for lack of transformation
Lawmakers scrutinise BASA and major South African banks for failing to meet transformation targets, demanding accountability and concrete actions to support Black-owned businesses.
SA banks face Parliamentary grilling over collusion, anti-competitive practices and racial bias
Will South Africa's Major Banks Be Held Accountable for Allegations of Collusion and Racial Discrimination?
MK Party Calls for Changes to Banking Laws Amid Economic Exclusion Claims
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.
How Banks Are Weaponising Financial Power to Undermine Democracy
Parliament must act decisively to safeguard democracy by curbing the unchecked influence of banks.
Competition Commission finds Nedbank and other banks guilty of collusion
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.
The Banking Mafia – Conflict of Interest, Account Closures, and the Need for Reform
Edmond Phiri explores how South Africa's major banks operate with unchecked power, mirroring mafia tactics, and why reform is urgently needed.
Karyn Maughan is not a Journalist, but a Propagandist!
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.
Karyn Maughan Continues Her Nazi-Propaganda-Style Reporting against Sekunjalo
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.
Will January 8 Reflect on How the ANC Intends to Close the 'Social Distance' With Its Constituency?
ANC President Cyril Ramaphosa must square the circle by explaining how the ANC justified forming a coalition government with its ideological enemies.
Dr. Iqbal Survé's Insights on 2024: Transformation, Sustainability, and Progress
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.
Competition Commission finds Nedbank guilty of collusion and prohibited practice
The Competition Commission's ruling against Nedbank reveals unethical banking practices and highlights the need to protect fair competition for groups like Sekunjalo.
The Egregious Financial Assault on Sekunjalo: A Call for Justice
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.