Banking Association reacts to the 23 demands the EFF is making

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

Coovadia spoke about the EFF’s 23 demands from financial institutions.

Scroll down for quotes from the audio below.

The Reserve Bank is doing a very good job.

Cas Coovadia, Managing Director of The Banking Association

The issue is not just a banking issue. The issue here is our socio-economic problems and the large amount of people in poverty.

Cas Coovadia, Managing Director of The Banking Association

Banks will fund businesses if the regulatory issues are taken care of.

Cas Coovadia, Managing Director of The Banking Association

Banks are businesses; they need to make a profit.

Cas Coovadia, Managing Director of The Banking Association

These demands will destroy our economy and competitiveness.

Cas Coovadia, Managing Director of The Banking Association

Our banking sector is internationally recognised as working very well.

Cas Coovadia, Managing Director of The Banking Association

It’s a fallacy that the banking sector is not contributing.

Cas Coovadia, Managing Director of The Banking Association

76% of South Africans are banked. For a developing country this is very good.

Cas Coovadia, Managing Director of The Banking Association

A State Bank won’t be able to do anything different without ongoing injection from the fiscus.

Cas Coovadia, Managing Director of The Banking Association

Subscribe to our Business Wrap Newsletter


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Sibanye-Stillwater to buy Lonmin

Sibanye-Stillwater to buy Lonmin

The Money Show’s Bruce Whitfield interviews Sibanye-Stillwater Chief Executive Officer Neal Froneman.

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

Trends that’ll dominate the business environment in 2018

Trends that’ll dominate the business environment in 2018

It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.

What you must learn from the Steinhoff and EOH share price collapses

What you must learn from the Steinhoff and EOH share price collapses

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Learn from Julius Malema and Chad le Clos (and others) how to be a better leader

Learn from Julius Malema and Chad le Clos (and others) how to be a better leader

We spoke to famed leadership coach Adriaan Groenewald about his book “Seamless Leadership” and how to become a great leader.

Every Tom, Dick and Julius is drinking whisky. We talk to WhiskyBrother’s owner

Every Tom, Dick and Julius is drinking whisky. We talk to WhiskyBrother’s owner

The co-owner of Joburg’s first ever whisky speciality store discusses the increasingly popular drink and how he’s cashing in.

Popular articles
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Happy 50th birthday, Pick n Pay (congrats on growing your bottom line by 18%)!

Happy 50th birthday, Pick n Pay (congrats on growing your bottom line by 18%)!

50 years ago the retailer started out when Raymond Ackerman bought three tiny stores from Click founder Jack Goldin.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?