Monday, 2 April 2012

NEDBANK CHIEF WARNS AGAINST CORRUPT AND INCOMPETENT ANC JUGGERNAUT

Chairman of Nedbank and respected former academic, Reuel Khoza, warned in the bank's annual report that South Africa is widely recognised for its liberal and enlightened Constitution yet the emergence of a strange breed of leaders can be observed who are determined to undermine the rule of law and override it. 

The now inveterately corrupt and incompetent ANC, whose goal is unquestionably to remain in power for further self-enrichment through insidious means, has already announced plans to review the judiciary and the Constitution citing the reappraisal of the latter as necessary to remove  hindrances to social and economic transformation. And the 'ruling party, as they prefer to be called, is about to promulgate changes to the Protection of Information Bill that will seriously hamper investigative efforts of journalists to openly publish incriminating material. Their unstated purpose is clear to any intelligent observer: increase, by whatever means, ways to avoid detection so that corruption may continue apace and line the pockets of a venal cabal with filthy lucre.

Khoza's comments are timely and are the first by a chairman of a JSE-listed banking group since the government began announcing its 'review' strategies.

Khoza warned that the country's political leadership moral quotient is degenerating and that the nation is fast losing the checks and balances that are necessary to prevent a recurrence of the past. 

Writing on his website about the Constitution, Khoza says 'The problem I have with the revision of the existing Constitution is not over the principle that it should be revisited but over the credibility of those who are making these proposals. The editor of of the Financial Mail, Barney Mthombothi, recently wrote that when Mandela and Mbeki made changes to the Constitution it was not with any ill-intent but to make it better. This new lot is different. They don't want to change the Constitution. They want to gut it, to remove its entrails and thus change the trajectory of society.'

Reuel Khoza understands and knows the value of informed and visionary leadership. He has spent much of his life illustrating and demonstrating its key elements and what he is now called on to witness no doubt sickens him to the core. I hope other business leaders will follow his example by bringing the incumbent rogue leadership into the spotlight to reveal all its  inglorious ugliness.


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