ANCYL, Ned­bank bury hatchet

Weekend Argus (Saturday Edition) - - NEWS -

NED­BANK and the ANC Youth League cleared the air yes­ter­day over spon­sor­ship and trans­for­ma­tion, both said in state­ments.

The league, which at one point threat­ened a boy­cott of the bank­ing group, said that the two “reached com­mon ground on crit­i­cal is­sues”.

They met af­ter Ned­bank’s with­drawal of spon­sor­ship for a se­ries of road races which the league per­ceived to be a re­ac­tion to Ath­let­ics SA’s han­dling of the Caster Se­menya saga.

It said that the league’s pres­i­dent Julius Malema had said it now “fully un­der­stood” Ned­bank’s po­si­tion and ac­knowl­edged that the spon­sor­ship was a mat­ter be­tween the bank and the ASA.

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