Banking Association South Africa urges ANC to consider impact of policy decisions on banks

Banking Association South Africa urges ANC to consider impact of policy decisions on banks

Cas Coovadia – Managing Director, Banking Association South Africa

With five days to go before what is likely to be a landmark 53rd national elective conference of the governing African National Congress (16 – 20 December 2012 in the city of Mangaung in South Africa’s Free State Province), ETHICORE client – the Banking Association South Africa has once more publicly pronounced itself on the implications of the possible policy resolutions adopted at the conference on the South African banking sector and the economy more broadly.

This follows the publication of the article entitled “Business gets serious about lobbying at Mangaung” which appeared in the December 6, 2012 edition of the Business Day newspaper, by writer and author Carol Paton who in it examined the lobbying phenomenon ahead of the conference. In it, the Banking Association South Africa is acknowledged as having trailblazed advocacy, lobbying and engagement with the ANC on its economic policy proposals. The article is also available here on the ETHICORE website: “Banking Association South Africa trail blazes lobbying for Mangaung”

In this follow-up piece by Business Day financial services correspondent Phakamisa Ndzamela, the Banking Association South Africa’s Managing Director, Mr. Cas Coovadia urges the ANC to serious consider the implications of the party’s policy resolutions on the banking and financial services sector and therefore the economy more broadly. In it, Mr. Coovadia calls on the ANC to consider the written submissions and proposals made by the Banking Association earlier this year to the ANC, on its economic policy proposals. This includes amongst others, the nationalisation of mines, expropriation of land without compensation and the role of the state in the economy. Critically, Mr. Coovadia calls on the ANC to adopt the National Development Plan under the custodianship of Minister in the Presidency for the National Planning Commission, Trevor Manuel, as the vision and blueprint for the country.

ETHICORE is proud to have assisted, supported and advised the Banking Association in its research, analysis and formulation of submissions to the ANC on the banking sector’s response to the ANC’s economic policy proposals.

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