Comments on: Follow-up on “collusion and price-fixing at the banks” http://www.ideate.co.za/2008/02/21/follow-up-on-collusion-and-price-fixing-at-the-banks/ Business resources, tips, success stories, interviews and business ideas Sat, 11 Feb 2012 12:27:40 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: A White Knight comes to save our vending machine dilemma | Ideate http://www.ideate.co.za/2008/02/21/follow-up-on-collusion-and-price-fixing-at-the-banks/comment-page-1/#comment-69202 A White Knight comes to save our vending machine dilemma | Ideate Thu, 05 Nov 2009 14:29:19 +0000 http://www.ideate.co.za/2008/02/21/follow-up-on-collusion-and-price-fixing-at-the-banks/#comment-69202 [...] that there are several themes that seem to reoccur on our hallowed pages, for example: iBurst, banking issues, e-commerce, PR, Zebras, coffee, small business owners, viral marketing and making your life [...] [...] that there are several themes that seem to reoccur on our hallowed pages, for example: iBurst, banking issues, e-commerce, PR, Zebras, coffee, small business owners, viral marketing and making your life [...]

]]> By: Rob Stokes http://www.ideate.co.za/2008/02/21/follow-up-on-collusion-and-price-fixing-at-the-banks/comment-page-1/#comment-66386 Rob Stokes Thu, 21 Feb 2008 15:02:10 +0000 http://www.ideate.co.za/2008/02/21/follow-up-on-collusion-and-price-fixing-at-the-banks/#comment-66386 No explicit collusion for sure. But with all banks beholden to the Reserve Bank (a privately owned institution), its a recipe for profit seeking no matter what we think. No explicit collusion for sure. But with all banks beholden to the Reserve Bank (a privately owned institution), its a recipe for profit seeking no matter what we think.

]]> By: rowan http://www.ideate.co.za/2008/02/21/follow-up-on-collusion-and-price-fixing-at-the-banks/comment-page-1/#comment-66385 rowan Thu, 21 Feb 2008 14:28:45 +0000 http://www.ideate.co.za/2008/02/21/follow-up-on-collusion-and-price-fixing-at-the-banks/#comment-66385 Great follow up Andrew! The thing that still bugs me however is the barrier to entry for small business's in this country. I ran my own computer business for a while and had similar run-in's with banks over trying to get my cheques cleared (all under 10k at the time) so that i could use that money to buy more stock to fulfill more orders, because my supplier would only give me COD terms and after massive hassles eventually having the manager of the bank telling me that i was to great a risk for the bank... yet my most expensive cheque was 0.00001% of the banks materiality limit, yet alone gross turnover... The small business sector is supposed to be the greatest agent for change in our country (SME's in America employ almost 80% of the countries workforce), yet the banks (amongst others) make it harder to jump the hurdles by taking chunks of our profits for simply checking money is available from a credit and returning a yes or no answer to us! Anyways, if the banks are willing to start talking with SME's about the hurdles then there is at least a silver lining! Great follow up Andrew!

The thing that still bugs me however is the barrier to entry for small business’s in this country.
I ran my own computer business for a while and had similar run-in’s with banks over trying to get my cheques cleared (all under 10k at the time) so that i could use that money to buy more stock to fulfill more orders, because my supplier would only give me COD terms and after massive hassles eventually having the manager of the bank telling me that i was to great a risk for the bank… yet my most expensive cheque was 0.00001% of the banks materiality limit, yet alone gross turnover…
The small business sector is supposed to be the greatest agent for change in our country (SME’s in America employ almost 80% of the countries workforce), yet the banks (amongst others) make it harder to jump the hurdles by taking chunks of our profits for simply checking money is available from a credit and returning a yes or no answer to us!

Anyways, if the banks are willing to start talking with SME’s about the hurdles then there is at least a silver lining!

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