The wanton and arbitrary closure of banking accounts of South African citizens, by the country’s banking cartel, is an egregious violation of the Constitution of South Africa and the inalienable Bill of Rights.
This is according to Thsepo Kgadima, former investment banker, independent economic, and energy and political analyst, who cited sections 9, 10, 18, 22, 25, 32, 33 and 34 in the Bill of Rights – a cornerstone of democracy in South Africa.
Kgadima stressed that, according to the country’s laws, banks are supposed to be agents of the South African Reserve Bank (SARB) which, as an organ of the state, has a legal duty to respect, protect, promote and fulfil the Human Rights Bill.
Speaking to Independent Media, the former chairperson of the Indian Ocean Rim Business Forum…