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
Going to be hard to look the other way - Steven Powell on FBI probing Guptas

Going to be hard to look the other way - Steven Powell on FBI probing Guptas

Bruce Whitfield interviews Peter Hain (Wits Business School) and Steven Powell (Director in Forensics at ENS Africa).

Malusi Gigaba’s advisor set up meeting with Guptas – ex Eskom CEO Brian Dames

Malusi Gigaba’s advisor set up meeting with Guptas – ex Eskom CEO Brian Dames

Bruce Whitfield interviewed EWN reporter Rahima Essop and Prof Somadoda Fikeni, Adviser to Unisa's Vice-Chancellor.

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.

What to expect from Malusi Gigaba’s Medium Term Budget Policy Statement

What to expect from Malusi Gigaba’s Medium Term Budget Policy Statement

The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.

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
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

[WATCH] New adapted national anthem by students

[WATCH] New adapted national anthem by students

Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

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?