A good week
Not everyone’s buying President Cyril Ramaphosa’s banks blame game, least of all the man in charge, Reserve Bank governor Lesetja Kganyago. While the guv likes to stay in his lane, he at least made sure to place "the full facts" on the table — for example, that the guarantee put in place for the loan scheme to assist distressed companies during lockdown was only R100bn, not R200bn; and there was no magic money pile for lenders, which, after all, would have to bear the loss if the companies they lend to go bust...
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.