This Bill is a significantly better version of a similar Bill introduced by the EFF. Their Bill did not include a solvency test for state-owned enterprises applying for banking licences. It was a free for all Bill. Moreover, they did not include checks and balances and an approval mechanism for the executive. The DA may well think that it is Parliament's role to approve the application process for state-owned enterprises. We however believe that this should be left to the South African Reserve Bank, which is constitutionally independent.