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August 1, 2008

Cosatu condemns bank 'boycott'

The Congress of SA Trade Unions (Cosatu) has condemned in the strongest terms what it termed "the walkout" by financial institutions from a meeting to gazette the Financial Sector Charter.

"It is becoming clear that banks, and other institutions, are using the Charter as a shield against genuine transformation of the financial sector, instead of as a catalyst for the change the sector sorely needs," Cosatu said on Thursday in a statement.

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Posted by StaffWriter at August 1, 2008 7:07 AM