Creating their own Bank: EXPECT much STEALING! – SA plans to launch government-run housing bank – My Comments
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Video: A Lesson for Whites from Napoleon & the Romans regarding other Races
In this video Im going to shock you. But whites must learn to harden themselves, men and women alike. We must harden our minds and stiffen our resolve and well be able to handle our enemies with the greatest of ease!
[The Black Communist ANC who rule this country have failed at everything they've tried. If they start their own internal bank … expect plenty of stealing and failure. There's no way this will work well. We are ruled by fools, idiots and criminals. Jan]
South African finance minister Enoch Godongwana said they are looking at launching a housing bank to provide loans to public sector employees and the gap market.
Godongwana revealed their housing bank plans in a CNBC Africa interview at the World Economic Forum’s annual meeting in Davos.
He said the unions asked the government to replicate the Government Employees Medical Scheme (GEMS) to create a housing bank.
“We agree with the unions that we should do a similar exercise as we did with medical aid by creating a state medical aid called GEMS,” he said.
“We need a similar arrangement with public sector employees to create a housing bank to create loans for them.”
The government housing bank will also provide loans to the gap market — people who earn too much to get RDP houses and too little to get mortgages from banks.
Godongwana added that a fully-fledged state bank via the South African Post Office is also under development.
“The challenge for a state bank was the regulatory framework. That regulatory framework is coming true,” he said.
“The second issue is sufficient instruments for a state bank. There are discussions about whether we should merge African Bank with the Post Office to create a bigger state bank.”
He added that the regulatory framework for a state bank would be similar to the regulations for any other bank.
“When tailoring the state bank products, it will take that into account,” he said. “That process is in motion.”
3 South African cities now rank among the 20 most violent in the world
This is an international report that was published recently. At this source link you‘ll see some interesting charts and statistics. South Africa was never like this under Apartheid.