VBS: lead­er­ship needed

Business Day - - OPINION -

In the wake of the VBS Mu­tual Bank scan­dal, the po­ten­tial for ru­mour and panic is very high. It might even pose a threat to con­fi­dence in SA’s bank­ing sys­tem. With the EFF be­ing im­pli­cated, it is also likely that its pres­i­dent, Julius Malema, will ramp up the rhetoric, fur­ther desta­bil­is­ing the sit­u­a­tion.

A true pres­i­dent would im­me­di­ately take con­trol of the sit­u­a­tion and start com­mu­ni­cat­ing with the pub­lic, clearly and of­ten. Pres­i­dent Cyril Ramaphosa has not done this.

James Drew Via e-mail

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