Analysts, academics slam Standard Bank decision to close Sekunjalo accounts
AFTER nearly 30 years of unfulfilled promises to ensure the protection of citizens from abuse by South Africa’s banks, the governing party’s failure to live up to its undertakings is due to self-profit at the expense of those who need access to fair banking services.
It is no secret that Standard Bank intends to dismantle Independent Media’s operations after issuing a notice to shut down the group’s bank accounts,