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October 26, 2009
Ombud slams lack of transformation
Charles Pillai, the outgoing ombud for financial services providers, on Friday launched a fierce assault on South Africa's financial services industry, saying he had seen serious transformation problems in the sector.
Pillai said that while certain opportunities in the financial services sector might have been created for political elites through black economic empowerment (BEE) transactions, not much had changed for the ordinary citizens.
Posted by StaffWriter at October 26, 2009 3:05 PM