NHFC is in the process of signing a number of service-level agreements with banking institutions, as well as signing a memorandum of understanding with the Banking Association SA , to prepare for when “policy is approved”.
On the preparatory work to become a bank, acting CEO at the NHFC Sizwe Tati said on Thursday he hopes that the government will pass the bill later this year. “We are in conversation and the department keeps us informed of where they are in preparing the bill. The bill needs to be presented to the minister [Sisulu] so that she can take it to cabinet. My understanding is that it is at an advanced stage.
“The comments from the state law advisers were received and all of the recommended changes are being incorporated. So there are a few issues to be finalised here and there.”“There are steps that we have taken as an institution and we are not waiting for the promulgation of the bank in order to be in a state of readiness. We are looking at specialist skills that will be recovered to deliver in the new bank.
They gonna loot the money it's for campaigns
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