Hon members, just before the beginning of this debate we had a very interesting discussion which has exposed that the DA does not want the South African financial sector to transform. It has also exposed the DA that it does not want the government to own a state owned bank to assist South Africa Social Security Agency, SASSA, receivers to get their moneys without interest charged by commercial banks. I hope the voters are listening and they are aware that the DA represents the views of the capitalists.
As I continue, the Financial Matters Amendment Bill seeks to amend five pieces of legislation namely, the Insolvency Act, the Banks Act, the GEPF Act, the Military Pension's Act and the Audit Profession's Act. These pieces of legislations will give effect to the Financial Amendment Act. The Banks Act of 1990 which was supposed to amend other legislations will be dealt with at a later stage.
We also did not deal with the Audit Profession's Act of 2005, due to time constraints and our committee could not