It is no small decision to draft an enabling legislation that will allow for state-owned companies to apply for banking licenses. The economic, fiscal and political consequences are profound, but for the EFF of course, nothing is complex - everything is simple, and this simple- mindedness is reflected in this Bill. Where the Banks Act refers to a public company, the EFF has simply instated all state-owned companies - geniuses. One of the financial implications for the state, the EFF simply states none.