FRANS CRONJE: Banks being set up for failure to clear way for state banking sector
Clients could remain liable for loans made on the expropriated property, pushing banks into such a deep crisis that they turn to the state for rescue
26 April 2021 - 15:52
Bekezela Phakathi’s report on expropriation without compensation (EWC) and banking opens up an important assessment of the long-term prospects for SA’s private sector financial institutions (“Expropriation without compensation will not collapse banks, says Ngcukaitobi (../../national/2021-04-20-expropriation-without-compensation-will-not-collapse-banks-says-ngcukaitobi/)”, April 20).
I suggest there are politicians and activists who are setting up the country’s banks for failure, to open the way to a state banking sector, and that these activists may succeed in doing so...
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