• Is Cell C sustainable?

    Is the mobile operator another African Bank in the making, asks Gugu Lourie.

  • Alliances that work

    Mutually adding value secures the employer-employee relationship, says Ian Mann.

  • Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

Loading...
See More

'Banks must invest in low-cost housing'

Jul 12 2012 15:53 Sapa

Related Articles

SACP: SA banks headed for crisis

PPC sets sights on low-cost housing

Nzimande warns on nationalisation

 
Kwadlangezwa - Banks should be forced to invest in low-cost housing, SA Communist Party (SACP) general secretary Blade Nzimande said on Thursday.

The state should move from merely regulating to actively directing the private sector, he told delegates at the party's elective conference near Empangeni, KwaZulu-Natal.

Delivering his political report, Nzimande said the state had to direct the private sector towards developmental outcomes and objectives.

"Legislation must be made to force South African banks to invest in low-cost housing. It is after all the money of the working class."

Earlier, outgoing SA Communist Party chairperson Gwede Mantashe urged party members to join the African National Congress.

"Our ability to influence and advance our agenda will be determined by our immersion in the structures and programmes of our alliance partners," he said.

"The reality facing the party today... is that of communists who are not even members of the ANC."

Mantashe said there were several SACP members at national level who held top positions in the ANC and cabinet.

But there was a lack of "cross-pollination" between the two parties at a provincial level, with the exception of the Eastern Cape.

Mantashe said his decision to step down as party chairperson was not newsworthy.

"This (decision) is born of practical consideration that one is doing a disservice to the party by being an absentee chairperson."

*Follow Fin24 on Facebook, Twitter and Google+.

 
gwede ­mantashe  |  blade nzimade  |  banks

 

Latest Articles

15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
5 top tips to help you save on your next grocery bill Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
66 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...