ANC pushing ahead with new state bank in South Africa businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.
Mixed views on Tito Mboweni s state bank proposal iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Finance Minister Enoch Godongwana ruled out the creation of a new state bank, saying the country lacked the money needed to back it. The government-owned Post Bank already accepts deposits and if another lender were to be established, it would have to be self-funded, Godongwana told lawmakers on Wednesday.