Home Business and Technology Thousands take part in Racist Banks Must Fall protest in Sandton

Thousands take part in Racist Banks Must Fall protest in Sandton

EFF pickets outside Hillbrow police station as they lay charge against Pravin Gordhan

Civil society flexed its muscles against racist banks in a protest outside the Rand Merchant Bank in Sandton, with around 6 000 people in attendance. The protest saw different civic organisations coming together and singing against structural financial racism and bank bullying, which included the EFF, Sanco, ANC MKMVA and Cosas.

Members of the public who had lost their houses to the bank also came to show their support against the “racist bank”. The protest also included prominent members of society such as shareholders of the Reserve Bank and a former minister. Slogans and chants, such as “FNB Must Fall”, reverberated all over Friedman Drive.

The banks were also challenged for not freezing the accounts of racist whites such as former ministers of apartheid South Africa. The different groups protesting handed over a single memorandum as a sign of a united struggle.

MKMVA treasurer-general Des van Rooyen said this event should not be a once-off, urging more people to mobilise. The core issue in this application is whether the respondent is entitled to take a unilateral decision to close the bank account of the applicant, do so on 61 days’ notice to the applicant and do so in the absence of good cause,” Plaatjies said in a founding affidavit.

He said the consequence of AYO not having transactional banking arrangement in place without any facilities being provided put significant limitations on AYO and would ultimately lead to AYO not being able to operate. However, FNB’s Frederik Basson complained that they were given five days to file an answering affidavit.

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Source: IOL