US EditionNew Banking Laws: A Trojan Horse Threatening South African Financial Autonomy
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New Banking Laws: A Trojan Horse Threatening South African Financial Autonomy
New financial laws introduce biometric surveillance, stricter limits, and threaten transaction freedom South Africa’s banking sector has been dressed up as a saviour of consumer rights — but behind the polished press releases and government-sanctioned platitudes, these new financial laws, effective 1 May 2025, pose a covert risk to the financial sovereignty of ordinary citizens. Let’s cut through the bureaucracy and manufactured optimism to unpa…
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