Ramaphosa hits out at South Africa’s banks, calls for reform
By Zohra Teke | Published Apr 22, 2024
President Cyril Ramaphosa has urged for decisive economic reforms to address the monopolistic control of South Africa's economy by five major banks and a few companies. Speaking at a dinner in Durban, hosted by the Minara Chamber of Commerce, Ramaphosa highlighted the challenges faced from years of state capture, natural disasters, and economic downturns.
