The Black Business Council (BBC) plans to meet with the Banking Association of South Africa and other stakeholders over the alleged discrimination of black clients by First National Bank (FNB) and other banks.
Following an expose by the SABC 3 Special Assignment programme, the BBC has sought meetings with the Banking Association of SA, Financial Sector Conduct Authority (FSCA), National Credit Regulator (NCR), Emerald van Zyl and Cornie Groenewald to garner more concrete information regarding the alleged discrimination by banks.
The BBC will also keenly follow the developments at the Western Cape Equality Court in order to determine an appropriate cause of action.
“We take any allegation of discrimination against black people extremely serious as we advocate for black people to play a meaningful role in the mainstream economy. As such, we will support any action that endeavour to end discrimination in the country. Such practices further strengthen the case for having banks that are majority owned and controlled by black people to ensure black people and businesses are not victims of arbitrary discriminatory and exclusionary practices,” says Sandile Zungu, Black Business Council President.