Banks warn ANC over policy decisions

2012-12-11 08:07

Johannesburg - Banks have warned the ANC to be aware of the implications of its policy decisions at the upcoming Mangaung conference, it was reported on Tuesday. 

Banking Association of SA MD Cas Coovadia said the policy decisions to be taken at the party's elective conference next week could have a negative effect on banks, Business Day newspaper reported. 

"The bottom line is, if (ANC delegates) take incorrect decisions on mining, land and agriculture, it has an impact on us," said Coovadia. 

ANC economic policy head Enoch Godongwana said he agreed with Coovadia that policy discussion was the key issue. 

"Like banks, we love this country and we will make decisions that help us improve our socio-economic issues. 

"What we refuse to accept is for people to prescribe what decisions we should make."


  • werner.dippenaar.77 - 2012-12-11 08:17

    So in a nutshell, the anc will not regard the banking industries opinion. Wow what a time we are living in, when a political party can be allowed to be so factious.

      aijaman.pirlo - 2012-12-11 08:22

      which one would you choose between masses oppinion and banks oppinion?

      lionel.armstrong.77 - 2012-12-11 08:30

      help...I need a trust fund and donasheens (from korrupsheen) to help get out of here! this circus is not entertaining anymore!

      themba.thwala.775 - 2012-12-11 08:39

      aijaman, you mean the "dumb masses" opinion? That's an easy choice to make of you want to remain in power and keep your snout at the feeding trough. But there'll be hell to pay in the long run when there'll be no country left

      michael.heys.3 - 2012-12-11 08:39

      @Aijaman, Unfortunately the ANC masses are not educated enough to have an intelligent opinion.

      werner.dippenaar.77 - 2012-12-11 08:41

      @aijaman - what would the economy benefit from the masses. The masses must understand the only way to self sustainability is a functioning economy. At the moment the the government is on a self enrichment plan, and the masses will also be left behind. The banks form our last bastion against a 100% socialist regime. You can argue, but only the future will tell.

      aijaman.pirlo - 2012-12-11 08:58

      Guys guys guys ANC delegates are not masses...Masses is us the population..The question is directed to ANC. Which one will the ANC choose between the masses or Banks? We are crying because of high interest rate, high bank charges etc..We've been calling for ANC to take action against these banks but banks got a nerve to warn while they are reaping us everyday...I wish to see which one they will choose between banks and the masses? Is that difficult to understand?

      nicholas.graan - 2012-12-11 09:08

      If you look at the chaos of these gatherings ...they are not going to be listening to what banks have to say. It blows my mind that this tiny bunch of noisy revelers can make policy decisions when in fact they have no clue on how the economy operates!

      hein.huyser - 2012-12-11 09:10

      @Fender, this is the socialist dreams and actual life in the economy colliding. The one will destroy because it is a proven failed system. The default setting on communism is fail. The fact that they (anc) don't know how to solve this problem is our problem. We know that without a sound and strong economy we all suffer and job creation for the masses won't happen. Sad part, like I've said, we all know it, they just don't know how to fix it. Those who can fix it are the people they won't take advice from (we are the enemy) and those who provides advice, attach their banking details with the plans. This is a classic case of the blind leading the blind and deaf

      jesibelle.krueger - 2012-12-11 09:22

      kagiso.booi, Bwhaa, ha, ha, who is your alma mater - the Institute for Woodwork Economics..? What banks were [quote] deregulated [unquote] and then "...led to the global financial crisis..."..? NO RED HERRINGS please - just answer the question. The pivotal trigger for the global financial crisis was AFFIRMATIVE ACTION - viz TOXIC DEBT. "...fits all not just profit predators..." Who are the "all"..? - The parasitic mobs that have little to no economic value - those who consume wealth instead of creating it? - The ANC's TENDER predators..? - Those who cannot run a country and who (in a rage of ignorant stupidity) do not want to listen to what is globally regarded as one of the best banking sectors in the world (one of the only reasons SA still has a sort manageable credit rating - versus having one like Zimbabwe, Cuba, North-Korea and alike). Do you even grasp the basics of the concept of profit? What happens to the profit..? Can you fathom that the countries with a highly profitable business sector are also those with the highest personal prosperity, lowest income disparities,etc. 'Stupid and lazy' is the executive summary for the "report" on the reason most of Africa looks like it does. If the banks are intelligent enough to understand this and hard-working/smart enough to run healthy enterprises - only those who are threatened by intellect and hard-work will criticize..!

      johann.dutoit.355 - 2012-12-11 09:41

      The Banks without thinking twice.. Highly educated, succesfull business men VS someone who couldnt even finish school...

      psalm.proverb.3 - 2012-12-11 12:03

      @ Fenderbender, Like many, I would be happy to see the banks' opinion ignored. Were it not for the "so-called educated global bankers" we would not be experiencing a global recession, growing unemployment, etc. Tax payers in many countries would not be footing bail-out bills for these sharks. Any country that allows itself to be dictated to by these corrupt, greedy, money-grabbing thieves (a.k.a. bankers) deserves to be in permanent recession. Only amongst blinkered News24 readers will the response by ANC to the bankers be ridiculed. Europeans living under the infamy of these bankers would have applauded the ANC's response. Only on News24 (well fin24) does one find readers who wish to have the ruling party towing the line of unelected bankers. I am beginning to think that the "uneducated masses" are not found in rural areas, but rather on News24 (or Fin24, if you wish)

      jesibelle.krueger - 2012-12-11 12:58

      @kagiso.booi, 'Derivatives Trading' is NOT banking you obtuse buffoon - it is.., mmmm.., let me see... derivatives TRADING..! What was your major at the Institute for Woodwork Economics – COPY-AND-PASTE-101...? If SA’s banks are supposedly soooo emphatically regulated, how do you explain SA’s burgeoning ‘credit bubble’, through massive unsecured loans – one that lead directly to SA sinking to its lowest point since 1994 – eg, You see, your kind have zero cognitive depth, like “copy-machines” = garbage in garbage out. Zero comprehension faculties, so do not expect the following to fall upon intellectually absorbent substance, but notwithstanding, The global financial crises was caused by UNSECURED LOANS to very much the same constituency that YOU represent. Unsecured Loans is the financial euphemism for Affirmative Action [AA] or BEE in SA. Just like this AA took the world to the brink of destruction, so BEE has already lay waste to SA’s economy and seemingly it will not stop until it has Zimbabwe-ed SA’s economy. BTW ‘adding value’ to raw materials (or “beneficiation” according to your room temperature IQ Yuff Leek Woodwork babble) requires the one commodity that is the absolute rarest in SA – viz BRAINS. You clearly don’t have it, at least 40 million of you comrades don’t have it and most pertinently, nothing that governed SA since 1994 had even remotest vestige of it…

      wilhelm.grobbelaar - 2012-12-11 13:38

      @aijaman. Well the masses opinion is normally a stupid one because they only want what benefits them but the banks opinion benefit the country as a whole. Gee, didn't they teach you anything in school?

      steward.debruin - 2012-12-11 14:58

      aijaman.pirlo is correct in what he is saying. The banks have been getting away with murder for way too long. I'm not saying nationalize the banks, just stop the exploitation somehow. We need banks, but they need to understand that they work for us, not us for them.

  • kuno.tschumi.5 - 2012-12-11 08:19

    well if you love this country, you thieving bunch of morons would all step down and let someone who knows what is going on run this country. the only interest the cANCer has is on how to plunder the country and how to enrich themselves. how can people without a proper education decide on what's best for the country...

      hein.huyser - 2012-12-11 09:24

      Agreed Kuno, but just remember that an education is not a guarantee to "being clever", and it is no guarantee that you will be able to solve our problems. (Mugabe and Lamola are both educateds) We need a total non racial dispensation where all of the resources of the country are directed to everyone that can create employment, irrespective of skin colour. Communistic ideal that are a proven fail system is proving it's true worth again, and the sooner we get rid of those who promote failed concepts the better for all in SA

      alan.jerrold - 2012-12-11 09:40

      Totally agreed, kuno and hein. Communism has destroyed dozens of countries, yet we STILL have a Communist Party who are part of the govt's Tripartite Alliance!! How dof is that?? SA is largely being run by people with no clue how economics works (folk like Gordhan and Manuel excluded), who are only in it to rape the public honey pot for their own pockets and to hell with the poor. No wonder the ANC is so shockingly awful at educating Black kids. People with wisdom would NOT keep them in power. Roll on the day when voters wake up to the fact that sound free enterprise is the ONLY way for SA to prosper, without draconian labour laws that totally inhibit employment.

  • Fiellies - 2012-12-11 08:20

    What we refuse to accept is for people to prescribe what decisions we should make." This only means one thing.....SA goes further down the drain!!!

  • jontheb - 2012-12-11 08:23

    from one pack of thieves to another!!!

      aijaman.pirlo - 2012-12-11 08:33

      Spot on!!!!

      kissmea.naude.9 - 2012-12-11 08:45

      YOu have that spot on!!

      hein.huyser - 2012-12-11 09:26

      Maybe the best analogy of the century. "Banks care the same as the anc about the country" Pity that "care" wasn't quantified

  • christopher.m.lowe - 2012-12-11 08:23

    Isn't this a bit rich coming from SA's four major banks, all of whom who have loaned varying amounts of money to Jacob Zuma, or extended him lines of credit, in circumstances where the rest of us (who pay Zuma's salary and also actually pay our mortgages and repay our debts) would have been shown the door? SA Banks? Pot, kettle, black. Pfffft!!

      aijaman.pirlo - 2012-12-11 08:34

      They were doing all that to hold ANC into ransom and forget about us..What I find it very funny is that Banks are already overcharging us and they got a nerve to warn

  • lekkeperd.chevyss - 2012-12-11 08:24

    Well Said!!!!!! I 100% aqgree.

  • brionyl.french - 2012-12-11 08:25

    The way this guy is speaking you would think were in a communist country

      hein.huyser - 2012-12-11 09:28

      You only notice now?

  • musaasaph.mashila - 2012-12-11 08:26

    We have a bunch of uneducated people making policy decisions for africa's biggest economy. Wow!!! I doubt most of them can draw a simple demand/supply graph.

      lacrimose.wolf - 2012-12-11 08:28

      Eish, we demand, govt doesn't supply. That is the policy

      aijaman.pirlo - 2012-12-11 08:35

      One stupid comment I ever read

      sanda.mnyazi - 2012-12-11 15:04

      Lol aijaman, expect anything from the news24 faithFOOLS

  • shaun.miekle - 2012-12-11 08:26

    Where is this Manguang place? Is it a zoo?

  • kobus.hattingh.5 - 2012-12-11 08:27

    There is none so deaf as those whom don't want to hear and the ANC always takes the cake on this.

      aijaman.pirlo - 2012-12-11 08:36


  • peter.mokoena.31 - 2012-12-11 08:28

    I think its about time, people who will be making those decisions in Mangaung, mostly are not intelectuals, learned or educated, but some going with the flow in order to be still on the gravy train during the second term. Let's start talking..

      aijaman.pirlo - 2012-12-11 08:36

      then talk!!!

      Ritz40 - 2012-12-11 09:05

      Get some more educated brothers on your side and start talking! Make a difference. We are all behind you, we accept any color, we don't want to accept uneducated fools also in any color.

  • makenawn - 2012-12-11 08:31

    The trouble is some hotheads in Mangaung their political decisions will based on HEARSAY. Simple answer is NO BACKBONE

  • chiepner - 2012-12-11 08:32

    Love this country? Well it shows ANC - I mean we feel the unwavering love you show us with gifts such as E-Tolls, Eskom saga and price hikes, Nkandla upgrades, deterioating health care, state of our education, service delivery, ongoing corruption and nepotism, secrecy bill - I can go on but the amount of love the current ANC led government is showing us is just so very very overwhelming. I mean with that in mind we all know and trust that all ANC officials and politicians only has the needs and prosperity of the citizens on the ground (and I do mean the poorest of the poor not the elected hand full of elite) at heart when making decisions that might effect the improvement of all our daily lives.

  • impi.tokoloshe - 2012-12-11 08:35

    Mr. Godongwana. Please stop your arrogance. It is called ADVICE.If advice comes from institutions that knows all about a certain subject, it would be wise to listen.

      khethu.ndlovu.3 - 2012-12-11 09:16

      We have listen enough to these thieving blotted fat cats, banks are screwing us big time, the man is only concerned about his millions bonus should anything touching his bonus be changed he will probably hang himself, go pig go.

  • themba.thwala.775 - 2012-12-11 08:37

    The ANC leadership do not operate in the private sector and therefore have no clue of what it means to create job, nor the importance of a job creation imperative. They live off taxes freely given to them by the fiscus. That is the reason why they can spew populist ideas just to keep the masses hyped up and voting for them. They cannot and are completely incapable of seeing the bigger picture

      stefan.maree.1 - 2012-12-11 08:51

      You can say this again and again!!!

      alan.jerrold - 2012-12-11 09:42

      And again and again and again, Themba.

  • aijaman.pirlo - 2012-12-11 08:42

    I find it very strange for the Banks to have a nerve to warn while they are already overcharging the poor masses of South Africa. It's just a pitty that we are govern by bunch of suckers ANC

  • ponkie.diel.9 - 2012-12-11 08:43

    Yip we can all feel their "love" in way our @sses ache because we we are being screwed everyday.

      aijaman.pirlo - 2012-12-11 08:52

      spot on and yet ANC will listen to them in the name of "looking after the economy" while we are fu***cked everyday by Banks...Fact of the matter is that ANC get monies from banks to reap us off and ANC will always listen to them hence they got a nerve to dish out warnings

  • gloria.mathebula.9 - 2012-12-11 08:50

    Banks are still racist and they are fighting hard to protect white supremacy, ANC please ignore them and do the right thing...

      werner.dippenaar.77 - 2012-12-11 09:01

      @gloria - Are you for real ? You must be the most ignorant person on this blog. Do you even know what is white supremacy?

      mpho.e.mogashui - 2012-12-11 09:40


      werner.dippenaar.77 - 2012-12-11 10:39

      @mpho - should i be intimidated now?

      JamesMWood - 2012-12-11 12:10

      Racist much gloria, do you know fnb has a policy of giving loans only to black employees as they are still considered pdi's, that's racist!

  • adri.bouma.9 - 2012-12-11 08:50

    Isn't the country the people?

  • mpho.e.mogashui - 2012-12-11 08:52


      aijaman.pirlo - 2012-12-11 08:54

      Thanks Mpho...Thats what we want and South Africa can survive afterwards

  • 286ADC8D - 2012-12-11 08:52

    Shoes u. Anc want 2 steal even more. When are these blacks going 2 b put in ther place. What's with this black tendancy??

      themba.thwala.775 - 2012-12-11 09:09

      Okay, put Operasie Popeye back into action

  • tc.convulvulous - 2012-12-11 08:53

    The plundering ANC does not care a damn about South Africa. They only care about their fat-cat pockets. Soon there will not be much left to plunder..!

  • hcontie - 2012-12-11 08:54

    You are all criticising but not coming up with innovative ideologies to curb the problem.

      kuno.tschumi.5 - 2012-12-11 09:10

      neither are you

      alan.jerrold - 2012-12-11 09:48

      The 'innovative ideology' - hate that word, it is so theoretical - would be to take the ANC out of power along with the deluded Communists, and put in place a govt of all races who know what they are doing, who would clamp down 100% on corruption and who would actually implement proper strategies and not steal billions from the public kitty. We have plenty of intelligent people of integrity who could run this country SO much better, and ensure a good future for all of us.

  • 286ADC8D - 2012-12-11 08:55

    This Black Tendency must stop!

      aijaman.pirlo - 2012-12-11 08:59

      ukunya kwakho

      286ADC8D - 2012-12-11 09:07

      Ja gan terug na jou grot toe.

      themba.thwala.775 - 2012-12-11 09:08

      Don't bring your Boeremampara tjatjarig tendencies here wena

      khethu.ndlovu.3 - 2012-12-11 09:09

      This white tendency must be left intact! Hu! He!

      286ADC8D - 2012-12-11 09:24

      Yip! They call it Denial. Ur little ANC is stealing from u. And ur 2 stupid 2 c it. They will steal ur shoes off ur feet. Mark my words. Will ur eyes open then? No! Ofcouse not! Ur 2 black.

      JamesMWood - 2012-12-11 12:07

      Comments above are the reason we are where we are!

      themba.thwala.775 - 2012-12-11 12:25

      286ADC8D, you are such an s to think of this government as a black tendency, unless Kortbroek has also done a reverse Michael Jackson. What about Troye Martins, the white ANC Women's League spokesman? Andries Nel? Ben Turok? Derek Hanekom? Need I go on, or is your head too far up your s to even understand this?

  • ken.koen - 2012-12-11 08:59

    Do the banks, or anyone else, honestly believe that the ANC, who have effectively trashed what was once the most powerful, wealthiest and advanced country on the continent, actually give a damn?

      thebe.tau - 2012-12-11 09:05

      I don't like how the ANC runs things but today the country is wealthier than it has ever been

  • mapetsula - 2012-12-11 09:01

    This warning will work I know our mafia leaders.

  • Mbuso Siera - 2012-12-11 09:05

    The ANC Economic polices that will be decided on will be for the benefit of this country as a whole nd specially the majority....nd the banks will have to adapt to that not to favor the minority....why r the banks stressing on mining,land nd agriculture when most of their clients in these sectors r the minority......nd who said the ANC decision makers r not intellectuals.......

      Brian Dorning - 2012-12-11 09:24

      They are stressing on mining because its our biggest export of product, and agriculture because without food we all die! I surely hope that the ANC's policy makers are intellectuals, unlike the caliber for person you seem to be. Banks are crucial for progress, we need to finance business, which in turn leads to growth. Furthermore, the banks are among the largest sources of income for the government (through tax, SARS etc). I am delighted that the banks are attempting to help our dysfunctional government.

      themba.thwala.775 - 2012-12-11 14:34

      The "majority" as in Zuma and his 5 wives and numerous fiances, girdlfriends and 22 known children, as well as other ANC thieves and their families and relatives? I agree with you

  • Lucky - 2012-12-11 09:08

    if only we had faith in them we would relax, unfortunately we don't, we can't and we wish they would listen occasionally, but they won't, arrogant beyond stupidity!

  • Eterni80 - 2012-12-11 09:08

    right right - would've been better off 'incentivising' them - this is the only language these blowholes understand.

  • bless.boswell - 2012-12-11 09:10

    Gloria, if banks are so racist please answer these questions: why are most bank employees non white? Why do black people get loans more easily than white people?

      Mavhungu Vincent - 2012-12-11 10:25

      Banks pay less salary tsek

  • MSGRule - 2012-12-11 09:11

    We are so screwed when a political party influences the running of the country. This is an cANCer get together and surely it should not involve the country. But as we know that is not the case in South Africa. All we know is some decisions will be made, with oily smiles and stained ties courtesy of KFC to the detriment of the country

  • lee.brand.73 - 2012-12-11 09:12

    Ha - the banks. Now I put them firmly in a box with the ANC. Who likes the banks?

  • bless.boswell - 2012-12-11 09:13

    It may be wealthier, but where are those funds? Look at our roads, hospitals etc. Are you proud of that? It's disgusting and inhuman for a woman to have to give birth in the street... That's what its come to.

  • john.morreira.9 - 2012-12-11 09:14

    THE the only parasite stupid enough to kill its own host.

      JamesMWood - 2012-12-11 12:04

      And then there is aids, but that's a virus

  • vincentb.zulu - 2012-12-11 09:16

    It would seem to me that peope have very short memory indeed. Like the American situation with the Fiscal Cliff doomsay, so we always hear about Mangaung doomsday. Cmon people, we all know that politicians will play birkmanship but at the end of the day they are NOT Stupid! They will come to their senses and do what is required. Much was said about radical shifts in policy post Limpompo, but still, nationalisation of mines is not government policy, problems are there but to suggest that there have been radical change in economic policies would be exageration. So what is different this time? Nothing much, the more things change, the more they remain constant. We all know the ANC conferences have low policy output. To this end, there is no end of the world for South Africa. All we will hear is more noise but policy shifts will not be radical. Lets be realistic. I remember the advertisments prior to the World Cup in which an Australian was utterly suprised by how persimistic South Africans were. He relayed how such pessimism was abound in Australia prior to the Olympics and how eventually successful the olympics were. I think should host a parallel conference in Mangaung titled" Eat Humble Pie (words)". Conferences come and go, South Africa will move forward, like " in pockets of excellence" it has done post conferences in recent times!

  • judith.taylor.56 - 2012-12-11 09:21

    "Like banks we love this country" not that we've noticed. Like banks you love our money and the lifestyles our taxes pay for

  • khethu.ndlovu.3 - 2012-12-11 09:24

    Banks and whites must just fu...k off, be grateful that u have this spineless anc for a govt. You realy want to be left as you are now? While the majority are made to pay every single cent they get to the banks? And you occupy the land you cunningly stole? I have no feelings for these shi...ts, just leave us alone, voetsek!

      286ADC8D - 2012-12-11 09:39

      Ukunya kwakho.

      sabelo.l.mthembu - 2012-12-11 09:44

      Diary of a bitter black wo/man Relax hey.

      JamesMWood - 2012-12-11 12:03

      How about you jus f off back to your mud hut and leave me in my house you pathetic excuse for a human being! Why are you so racist? Are you feeling intimidated? Are you feeling insecure or inadequate? Stop the hating! Live and let live!

  • Tankiso Mogoje - 2012-12-11 09:41

    The very same banks that do not take care of their own clients,look at their high charges and high interests that they are charging us and the very same government is giving them freedom to do so.If it was up to me i was going to make that they get regulated this greedy bustards.

      Brian Dorning - 2012-12-11 09:50

      ANC and banks are the same thing in terms of their greed and exploitation of its SA people

  • matthews.magodiela - 2012-12-11 09:41

    People have the rights to prescribe what decision to be taken because they have the interest of this country at heart than a small group of thugs that will be deciding on behalf of the masses in mangaung. Democracy allow all citizens and tax payers of this country irrespective of which organisation you belong with to decide what is good for the country. Mr Enock need to get his facts right and stop being arrogant at the expense of this country.

      hein.huyser - 2012-12-11 22:49

      This is your wake up call sir! We are not a democracy. Yet. That can only come if we remove the non-democratics from office

  • nicholasapsmith - 2012-12-11 09:42

    you are all forgetting the most important response from the ANC - ' we dont care about you, we want your money in taxes to be spent the way we want it spent, do not tell us what we can do, we dont listen to the words, no, that cannot be done'

  • tony.becker.961 - 2012-12-11 09:47

    The ANC has pushed us toward a failed state in their ignorance, arrogance and pure stupidity. We know that will never make the correct decision for the country - it will be based on how to garner votes and of course their selfish gluttony for money and power.

  • Uhurus Harambe - 2012-12-11 10:14

    bless.bowell, the reason why most bank employees are non white is that majority of people in the country are non-white and the reason more black people get loans is that they did apply for loan because of the impact of apartheid designed by you forefathers.

  • rodleviton - 2012-12-11 11:10

    "What we refuse to accept is for people to prescribe what decisions we should make." and there you have it "People". The ANC is outright saying that it does NOT CARE what we "The People" go ahead, vote for the ANC again because they don't care about us or what we say....are ANC supporters blind???!!! Time for Change "People"!!!!

  • veja.mthombeni - 2012-12-11 11:15

    Anc must ignore them coz they only employ indians

      thasmeel.singh - 2012-12-11 11:48

      you racist idiot! go back into your shell and keep your racist remarks to yourself. its people like you who drive this country into the toilet.

      Judy - 2012-12-11 12:47

      STOP being Pathetic... look ab it wider than the small picture you see

  • JamesMWood - 2012-12-11 11:56

    What we refuse to accept is for people to prescribe what decisions we should make. What happened to 'by the people, for the people' are they not supposed to take what we want into consideration?

  • Judy - 2012-12-11 12:46

    Talking to the "DEAF" and the "DUMB"... all that matters is the gravy train.. They will be hanging onto it long after it crashes and burns.Taking us all down with them......Unless there is a change in 2014... PLease someone with business accumen..

  • ntloko.yamazizi - 2012-12-11 12:56

    Yes Nationalization of mines and banks will Help

      themba.thwala.775 - 2012-12-11 13:12

      Like it "helped" in Zimbabwe

      ntloko.yamazizi - 2012-12-11 13:24

      This is not Zim. Our minerals are creating jobs else where and we r strangling here with unemployment do u think that is fair

      themba.thwala.775 - 2012-12-11 14:01

      Where has nationalisation worked? Look at any state-run entity and tell me which one works? SAA? Denel? Government departments? You want to live in a communist or socialist country? Go to Zimbabwe. No nationalisation of anything which is run by the private sector is going to happen in SA so that your leaders can still and plunder as they have been doing.

      ntloko.yamazizi - 2012-12-11 15:07


      themba.thwala.775 - 2012-12-11 17:11

      Mashilo, you would rather implement a system that has failed all around? The current system is not perfect because the com-tsotsi's in the ANC are deliberately bending the laws to serve only themselves. Look at the BBEE for example. It was intended to empower communities (broad-based), but it's Tokyo, Cyril, Mathews Phosa and other high ranking ANC cadres and their friends, children and relatives who appear in every deal. Fix the current system instead of proposing failed ideologies

      NkhumeleniNemakhavhani - 2012-12-11 18:29

      Ntloko, I am on your side. Private companies doesn't employ like state owned companies. Nationalisation is the best solution to uneployment!!

  • sipho.zuma.796 - 2012-12-11 16:36

    This is the ANC's philosophy in a nutshell. Discrimination

  • annie.israel.50 - 2012-12-11 17:17

    Does anybody think this FATCAT is going to listen to the banking industries - FORGET IT - the uneductated ANC is far to stupid to listen to anything - they have only "DOLLAR SIGNS FLOATING THRU THEIR MINDS" disgusting BAFOONS - they are dragging SA deeper and deeper down a spiral of GREED!!!

  • attie.stone.3 - 2012-12-11 17:45

    "What we refuse to accept is for people to prescribe what decisions we should make." But Enoch given your past decisions maybe you should......

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