With ever-rising interest on loans in South Africa, there are growing calls to create community banks that use the "profits" to the benefit of community members, and not to continue enriching billionaire bank executives. 

Last month’s approval of a New Development Bank loan of US $200 million to expand the Durban container port occurred without the Sandton-based bankers doing adequate consultation or analysis. This is not only unacceptable in a democratic society, especially for such an important and controversial project. It also makes mockery of claims the Brazil-Russia-India-China-South Africa (BRICS) bloc acts differently than arrogant Washington bankers.

The rapper Ewok captured the spirit of progressive social forces in South Africa with his condemnation of [BRICS] elite politics at a March 2013 protest outside the Durban International Convention Centre, South Africa: “You dropping BRICS from above? We’re throwing bricks from below!”