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ANC wants banks to reduce their charges George Matlala, Sowetan, Johannesburg, 17 January 2015 (mistakes corrected) The ruling party has for the first time thrown its full weight behind the SACP's financial sector campaign aimed at forcing banks to reduce their fees. It is expected that the ruling party will discuss the matter at its upcoming national executive committee lekgotla next week since the campaign was included in their [January 8th ANC 103rd Anniversary Statement]. SACP spokesman Alex Mashilo said the party had welcomed the ANC's resolve to force commercial banks to reduce their charges. "The SACP welcomes the mobilisation by the ANC. The president spoke about making banking accessible and the excessive charges, which the campaign focuses on," he said. "We are beginning to see practical steps to forge ahead in the transformation of the economy." Since its start in 2000 under former president Thabo Mbeki, the SACP financial sector campaign did not enjoy the prominence it has now under President Jacob Zuma. But Mashilo denied that Zuma's call over the weekend that ANC branches support the campaign was a sign of the growing influence the party has over the ANC. "This is no longer an SACP campaign, it has become part of the trajectory to transform the economy," he said. Addressing the ANC's 103 birthday celebrations at Cape Town Stadium over the weekend, President Zuma said "Banking has become much more accessible to the majority of South Africans, but the excessive bank charges and fees mean that people still cannot afford bank services." "The ANC is moving ahead with the efforts to start a bank directly linked to, and administered by, the Post Office," said President Zuma. "ANC branches must work more closely with our alliance partners on their financial sector campaigns to make banking services even more affordable to our people and to ensure that this sector becomes more diversified." he added. From: http://www.sowetanlive.co.za/news/2015/01/17/anc-guns-for-top-commercial-ban ks-over-their-hefty-charges -- -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] . --- You received this message because you are subscribed to the Google Groups "YCLSA Discussion Forum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
