ANCYL in move to cut ties with Absa

Storm over al­leged R2.25bn bailout dur­ing apartheid era

The Star Early Edition - - POLITICS - BON­GANI HANS

THE ANC Youth League na­tional lead­er­ship has writ­ten to Pres­i­dent Ja­cob Zuma de­mand­ing the gov­ern­ment with­draw all its ac­counts from Absa, while its eThek­wini struc­ture is lob­by­ing for young peo­ple to do the same.

The league’s call fol­lows rev­e­la­tions that the bank had il­le­gally re­ceived a R2.25 bil­lion bailout from the apartheid gov­ern­ment.

ANCYL na­tional spokesper­son Mlondi Mkhize said yesterday that af­ter the gov­ern­ment’s can­cel­la­tion of its busi­ness deals with Absa, it would pur­sue the bank to re­pay the money.

The Absa scan­dal was re­vealed in a leaked pub­lic pro­tec­tor pre­lim­i­nary re­port.

“If the gov­ern­ment moves slowly in this re­gard, we will also tar­get them (gov­ern­ment) to put more pres­sure to move their ac­counts to Post Bank, which should be op­er­at­ing as a sta­te­owned bank,” said Mkhize.

He said the Absa scan­dal was an ex­am­ple of how the apartheid gov­ern­ment had col­lab­o­rated with the South African Re­serve Bank in loot­ing state funds to ben­e­fit white cap­i­tal­ists.

“The in­de­pen­dence of the Re­serve Bank has played a huge role as a fa­cil­i­ta­tor of crim­i­nal­ity, as ev­i­denced by this Absa mat­ter. This also proves that the in­de­pen­dence of the Re­serve Bank should come to an end as they col­lude to col­lapse and milk this coun­try of bil­lions,” he said.

The ANCYL in eThek­wini said yesterday it was al­ready talk­ing to young peo­ple to stop bank­ing with Absa, and those who are al­ready clients to can­cel their ac­counts.

Re­gional sec­re­tary Thinta Cibane said the league in eThek­wini was tak­ing al­le­ga­tions against Absa “very se­ri­ously”.

“We don’t want our peo­ple to use the bank that steals from this coun­try. We call upon young peo­ple con­sid­er­ing bank­ing with Absa in the im­me­di­ate to re­con­sider, at least for the time be­ing, un­til this mat­ter has been brought to its log­i­cal con­clu­sion,” said Cibane.

He said the gov­ern­ment should speed up start­ing the state-owned bank for peo­ple to in­vest where they would ben­e­fit.

Cibane also lashed out at for­mer pub­lic pro­tec­tor Thuli Madon­sela for pri­ori­tis­ing the re­lease of the Nkandla re­port over this one.

“We won­der when ad­vo­cate Madon­sela pri­ori­tised her in­ves­ti­ga­tions, and whose in­ter­ests was she serv­ing, be­cause it was def­i­nitely not those of the pub­lic,” he said.

As to the ANC suc­ces­sion de­bate, ANC eThek­wini re­gional chair­per­son Thembo Ntuli said the league would com­ply with the ANC na­tional work­ing com­mit­tee’s in­struc­tion to its struc­tures to stop talk­ing about the mat­ter un­til it is of­fi­cially opened for dis­cus­sions and lob­by­ing.

“We re­spect the de­ci­sions of the ANC when they are made, but what we have been say­ing through the me­dia was some­thing that was re­solved by the (eThek­wini) congress.

“We were told by branches of the ANCYL to go and sup­port Nkosazana Dlamini-Zuma, and we still stand by that. We are not go­ing to re­tract the de­ci­sion. Nkosazana Zuma for pres­i­dent,” said Ntuli.

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