Governor sticks up for banks
Kganyago 'puts facts' in wake of president's slating of Covid credit
28 March 2021 - 05:07
Reserve Bank governor Lesetja Kganyago firmly declined on Friday to respond to President Cyril Ramaphosa's attack on the banks for failing to lend to businesses under the government-backed loan guarantee scheme - but then went on to "put the full facts", arguing that by international standards SA's banks hadn't done badly and they had continued to pump credit into the economy despite Covid-related constraints on demand...
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