Major banks to explain lending practices and transformation
17 January 2025 - 12:52
SA’s leading banks — Standard Bank, FNB, Capitec, Absa, Nedbank and Investec — will take parliament into their confidence next month on their lending practices and how they contribute to transformation in the country.
Chair of the portfolio committee on trade, industry and competition, Mzwandile Masina, said one of the issues the lenders would have to address was allegations that it was easier in SA to secure credit for consumption purposes than for production, and that lending practices were disempowering to previously disadvantaged South Africans...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.