SACP General Secretary Solly Mapaila addressing the party's congress
Speaking at an event to mark the 28th anniversary of the death of SACP leader Joe Slovo at Avalon cemetery in Soweto on Friday, Mapaila says the Reserve Bank must change its monetary policy regime adopted since 1996 which he says has failed the country.Mapaila says the Reserve Bank needs to play a developmental role that supports industrialisation and large-scale job creation.
“The Soweto people can have their own bank. When we started our financial sector campaign we received research work that was indicating that Soweto alone, stokvels, burial societies, we’re sending to the commercial banks in Johannesburg, R64-million a week – they could not create their own bank,” says Mapaila.
I will did and put my savings under the bed in my bedroom
Every year one thing but no one is doing it. Tsek all leadership of ANC COSATU SACP and SANCO. Useless leaders
Post bank run by the government
And how does he believe he will fund a public bank? More tax?
But who is taking this man serious
Like SBV ?
I dare him to put his life savings in that back
Public banks is vulnerable to corruption vbs is the good example and the poor are still to get their money
It begins with you . Then they Vbs the shit out of poor people
How many years has Mapaila uttered such words? He does nothing! They r as corrupt as the ANC... To hell with singing fo stomach. Wev been listening to hope..nothing z ever done!
To steel and loot while the taxpayers keep funding it for s small group of elite and there families. How is this different to what we currently have?
Aluta.
So why don't his party start a bank based on what he thinks a bank should be...? If he is right, it should be a roaring success among his supporters...
Mxm. Magodu
Clueless , talk is cheap , start your own with members funds as shareholders!
You such banks and then stole it.
What happened to vbs bank
We failed to commercialise post banks.. what happened to the millions which we set aside for this project. It was looted.s
The comrades want more loot
Solly being a populist again. SOEs are in shambles, who is his/her mind will entrust State bank with their hard earned cash.
For more VBS kind of a thing👀👀👀
Let’s start by making sure the public entities we have are functional before we run away from problems to create new problems
Explain how please. How would a public bank operate differently? Why not start a SACP BANK ?
Pravin Gordhan has shares in all the banks why don't have a tea with him and discuss whatever non progressive rubbish you want to discuss with him
Ha ha, a Gov bank would be robbed blind by the gov in the 1st week 🤣🤣🤣
With the war chest amassed why not open a bank, somebody is retiring with lots of moola.
O tsoha borokong shame
A dog without teeth
The banks are doing the same thing as the government benefiting while workers and the poor continues to suffer
It's unfortunate that SA journalists are not willing to ask the right questions eg SACP don't take the blame for government failures but SACP members are also members of the ANC and part of NEC and government ministers
Mxm
So why don't they start a bank for the people with their ample resources...? They are guaranteed a lot of support...
This is as stupid as banning booze and smokes during lockdown.
Stand up comedians.
How is it that there a communist party? That goes against democracy
🤣🤣🤣🤣🤣 SACP1921 is such an impotent organization. If it wasn't for Chris Hani these plonkers would have died a quiet death decades ago
Who's sacp?
SACP is and will continue to be useless as long as in alliance with capitalists ANC.
Communists are what they are-thieves of the property of the people worse than the EFF.
Grown men who believe in communism have the intellectual capacity of adolescents. They are so superficial in their thinking that reality has no bearing on their world view.
What is SACP going to replace personal loans with?
What positive contribution has SACP1921 made to the well-being of South Africans? They are nothing but trough feeders.
It has been happening for many years now and what makes them to sing the song now 🤔🤔
they've been in alliance with the governing anc since since 1994 but failed to create a black owned bank. SHAME.
Old Song
Millions are fully aware of the situation & the WEF / DAVOS Cûlt / BIS / IMF etc planned Great Reset! The cover & motivation was originally deceitfully presented as Fraud Prevention! CBDCprogrammableTrackable BiometricsLinked(DataMining) BanksInBedWithWEF Basel IV Compliance?
So the likes of Mapaila have still not given up on the idea that there may be free money somewhere somehow? Money is the quintessential comodity of Capitalism GS. Build another VBS.That's the only realistic chance that you can access free money, of course with yo ANC connections.
The unions are benefiting far more than any bank.
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