Chairperson, the Financial Matters Amendment Bill proposes amendments to the Banks Act, the Insolvency Act, the Military Pensions Act and the Independent Regulatory Board of Auditors. The proposed amendments on the Banks Act, is copied from the EFF Banks Amendment Private Member Bill, and the hon Carrim has admitted that, but he is going to be a funny little man in comedy night here later on.
The Treasury and the ANC representatives in the Portfolio Committee on Finance were one of the first to come forward and ridicule the need for a state-owned bank, and call it irrational, misguided and undesirable, when the EFF tabled its Banks Amendment Bill in the form of a Private Member Bill. They did so because they lack ideological and political resolution, and are too busy