President Cyril Ramaphosa has thrown his weight behind proposals for a state bank.In a heated question and answer session in Parliament on Tuesday, Ramaphosa was quizzed about various issues such as the expropriation of land without compensation, the crisis engulfing the State Security Agency (SSA), attracting investment and the proposed state bank.The ANC has adopted a policy stance to support the establishment of a state bank. It has cited a need to review the financial sector charter in relation to access to finance for small and informal businesses as well as financial inclusion, affordability and bank charges.The party wants space for a variety of sector-specific banks or second-tier banks, such as a construction bank, stokvels, co-operative banks and state banks, as part of its vision to improve access and affordability to support of inclusive growth.Answering EFF MP and chief whip Floyd Shivambu, Ramaphosa raised concern about the "monopoly" held by SA’s big-four banks, sayin...

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