Parly committee wants commercial banks to appear before it

Parliament’s Trade, Industry and Competition Committee wants commercial banks to appear before it early next year, to iron out various issues. That is according to the Chairperson of the Committee, Mzwandile Masina.

He spoke to the media during a briefing of the chairpersons of Parliament’s economic cluster.

As part of the seventh Parliament’s commitment to regular and transparent communication, chairpersons of the different clusters brief the media on Mondays.

The economic cluster, which is comprised of the portfolio committees of Agriculture, Transport, Minerals and Petroleum Resources as well as Trade, Industry and Competition, told reporters that they plan to have commercial banks account to MPS early next year.

“The consumption credit is easily available in SA but credit for creating a business is not available but also banks make unilateral laws that make no sense … and we have to hold them accountable, including some charges (that) they charge individuals and government institutions. So, they will appear before us, so we can have a conversation about what are the areas we need to tighten,” says Masina.

“The investigations that the minister undertook came to point where they were partially satisfied, not internally, coming from outside country,” says Dina Pule, Chairperson of Agriculture.