This piece of legislation will empower state owned entities to apply for a banking licence. However, let me put a rider. Hon Ngwenya gives an impression that the reason why we want to establish a state bank is because we want to loot. Incorrect! She also says we need financial literacy! Hon Pandor, you have been here for the past 20years, we are able to manage a budget of trillions of rands by this black-led government. We