Govt scrambles to restore shattered confidence
... long-suffering depositors watch helplessly as fees whittle down balances
CLOUDINE MATOLAThe government is scrambling to restore shattered public confidence in a desperate bid to lure savings back from “under the mattress” and salvage the national economy.This comes at a time when long-suffering depositors, infuriated by what they describe as local banks fleecing them with astronomical fees, are pulling billions from the formal system.Consequently, the…
