BUSINESS MAVERICK ANALYSIS: Is the South African banking system really an ‘oligopoly’?

The ANC’s most recent economic treatise says SA’s banking system ‘can be characterised as oligopolistic’. In the grander scheme of things, this seems like a passing, politicised piece of agitprop, not dissimilar to the ANC’s economic policy pronouncements over the years. But in fact, it goes to the heart of SA’s economic malaise, both in the Covid-19 era and beyond it....

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Published By: dailymaverick - Sunday, 2 August