RAIM condemns SA banks for 'racially biased' account closures
By Staff Reporter | Published 32m ago
The Resistance Against Impunity Movement (RAIM) has condemned South African banks for allegedly targeting Black individuals and businesses when closing accounts under 'reputational risk' pretexts. The movement is calling for US sanctions against these financial institutions and urgent regulatory reform in South Africa to end what they describe as economic sabotage and discrimination.