Banks' wealth creation should not be at all cost

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.