The Treasury’s commitment to exploring the possibility of introducing a state bank, and President Cyril Ramaphosa’s acknowledgement that banking monopolies are detrimental to the economy, is a welcome development.

This devotion to the implementation of an ANC conference resolution has the full support of Cosatu...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now