Banks' wealth creation should not be at all cost

Allow me space in your newspaper to air my concern about the going-ons in our banking industry. I was inclined to put up this article after reading an article in The Telegraph of April 7, 2010.

In this article, Prof Malema quotes Mr. Thuli Johnson, MD for Barclays Bank of Botswana as having said, "as you all know, we went aggressively on the lower end of the market in the past years in an attempt to get them financially included". One can ordinarily ask themselves as to what the statement means and when you read the statement blindly you will think that the drive is all for the good of "the low end" as Mr Johnson has put it while it is to the detriment of the aforesaid.

The article goes on to say that Barclays "brought down the floor of people who qualify to open an account to a minimum level salary of P800.00 per month" and additionally such people have been connected to the modern day financial flexibility of issuing them with credit cards.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up