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December 19, 2008
FINANCIAL SECTOR CHARTER : Battle lines drawn
The banking industry has raised the stakes in its battle to fend off the demand to raise the direct black ownership target in the financial sector charter (FSC) from 10% to 15% by calling for political intervention.
"We are convinced that a political decision is urgently needed to gazette the charter without further delay," says Cas Coovadia, CEO of the Banking Association SA (Basa).
Posted by StaffWriter at December 19, 2008 1:51 PM