In­vestec ac­cused of dis­crim­i­na­tion

Finweek English Edition - - Main stories this week -

WHAT HAP­PENED FOR­MER IN­VESTEC IN­TERN Bonga Ban­gani sub­mit­ted a let­ter to In­vestec man­age­ment de­scrib­ing the racism and dis­crim­i­na­tion he had al­legedly ex­pe­ri­enced at the bank. The let­ter was some­how made pub­lic, spark­ing a na­tional de­bate on trans­for­ma­tion and prej­u­dices, which Pres­i­dent Thabo Mbeki made men­tion of in his weekly web­site news­let­ter.

WHAT OTH­ERS SAID A BUSI­NESS DAY colum­nist wrote: “Ban­gani might be right – his let­ter prompted Kos­eff to hold a three-hour staff meet­ing…” The Sun­day Times re­ported: “…he (Mbeki) used the crude ex­am­ple of one aber­rant com­mu­nity to demon­strate racism thrives among those most chal­lenged by the in­te­gra­tion that most of us em­brace.”

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