Much more work has been undertaken since his time, which has clearly escaped Mark Barnes’s attention
Managing public funds in SA is a responsibility that is enjoyed by various institutions and individuals whose custody and stewardship of public resources represents a unique social duty. Individuals and institutions tasked with managing such resources operate under an implicit social contract that binds their actions to the fate of the nation.
As stated in the president’s speech, the creation of a state bank will enable the country to “provide financial services to SMMEs, youth and women-owned businesses and underserved communities”. Like everything in SA this statement must be understood in the context of our political and socioeconomic history.The country’s unique history of inconsistent resource allocation led to the tacit exclusion of millions of citizens from accessing services.
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