Ramaphosa hits out at South Africa's banks, calls for reform 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.
A properly mandated state bank will promote productive bank lending instead of consumption lending, carry out prudent monetary policy, and safeguard customers. It will address the problems of gouging and client abuse common in large commercial banks.