The EFF has called for a judicial commission of inquiry with financial forensic capacity into alleged discriminatory practices by banks against black people. This follows revelations of alleged racism against black homeowners by FNB that were broadcast on Sunday by the SABC's Special Assignment.
Black homeowners featured on the programme claimed that they were charged higher interest rates than their white counterparts for home loans. "The scope and mandate of the commission of inquiry should include the withdrawal of banking licences of banks that discriminate on the basis of race. The scope should also include the commission's power to instruct the banks to pay back all the monies overcharged on black people," said EFF spokesperson Mbuyiseni Ndlozi in a statement.