Modest decline in big banks� dominance
Wednesday, September 10, 2014
Mohohlo
There are 13 licenced commercial banks in the country, up from just six entities nine years ago.
As at the end of 2013, the big four banks kept a tight leash on their dominance holding over 80 percent of the industry’s assets, deposits, loans and advances.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...