Ministerial criticism on banks should be backed by evidence, urges Mavuso

Business Leadership South Africa (BLSA) CEO Busi Mavuso has expressed concern about a press conference held by Human Settlements Minister Mmamoloko Kubayi last month, saying the Minister misguidedly attacked some of the country’s banks.

Kubayi communicated government’s plans to introduce changes to housing finance laws to compel financial institutions to disclose more information about their lending practices, including data on home loans granted and declined.