'Legal opinions are clear - the Fica Bill is Constitutional'

We are also going to be embarrassed because of this, this is a dangerous piece of legislation.

Jimmy Manyi

I don’t know how to respond to that [Jimmy Manyi’s claim that the Fica bill is a bid to bankrupt the ANC].

Cas Coovadia, Banking Association South Africa

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

He attended Wednesday’s hearings on the Financial intelligence Centre Amendment Act that was sent back by President Jacob Zuma.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

All opinions basically said that the President’s concerns have no basis.

Cas Coovadia, Banking Association South Africa

The Bill is Constitutional.

Cas Coovadia, Banking Association South Africa

The international trend is to look at politically influential people; also in the private sector.

Cas Coovadia, Banking Association South Africa

It’s about fighting corruption… It’s clearly in the national interest!

Cas Coovadia, Banking Association South Africa

The President has to sign it or refer it to the Constitutional Court.

Cas Coovadia, Banking Association South Africa

Legal opinions are quite clear.

Cas Coovadia, Banking Association South Africa

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Article brought to us by Old Mutual.

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