Following the scandals at Steinhoff and VBS Mutual Bank, more and more financial organisations are calling for tighter financial controls in South Africa.
Professor Jannie Rossouw, head of the School of Economics & Business Sciences, shares the same sentiment. He is concerned that South Africans are getting immune to shocks such as corruption in the private and public sector.
Rossouw talks to Classic Business Breakfast with Moneyweb about why current controls need to be re-looked at and that the SARB should rethink the current legal framework.
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