A bank’s main role in society is to provide financial services to help people and businesses to achieve their goals and reach their potential,- Enabling these stakeholders – and thus the economy – to thrive shall be their core purpose which further contributes significantly to a healthy, well-functioning society. However, the banks in SA, mainly Investec, are indulged in threatening the South African Airways via Economic terrorism. BLF has registered its protest against the same as per a report published on their website which goes as follows:
“Black First Land First (BLF) is appalled by the report that the major South African banks including Investec, – all of which are business partners of the former Minister of Finance Pravin Gordhan, are threatening economic terrorism against the South African Airwaves (SAA).
These banks, which serve as the economic arm of white monopoly capital (WMC) to ensure monopoly over our economy and state owned entities, are unleashing a reign of terror to undermine the powers of President Zuma to determine, where SAA belongs within the state system.
It is the prerogative of the President to determine if SAA must be moved into another department. Again we see WMC undermining the constitution and interfering in the affairs of the state, in particular the powers of the President.
The banks have decided to engage in an open warfare to protect WMC and to undermine Radical Economic Transformation (RET). It is clear that these major banks are directed by Pravin Gordhan, who has shares in all of the said banks. He has made sure that these banks are the biggest beneficiaries of the tender system within the government.
These banks are parasites that are using their financial muscle to ensure that there is no transformation in the economy. BLF rejects with contempt the new attempts by Pravin Gordhan and WMC, assisted by the banks, to hold the country at ransom to economic terrorism.
We say to all these banks, including Investec, hands off SAA!”
We, the people must back BLF for this call and confronts everyone, who stands in the way of Radical economic transformation and the economic development of the country. WMC along with its peers would keep doing its best in the meantime but it’s up to the citizens to reject or accept their dirty reality. The nation must wake up now before it’s too late.
For more to know in details, go to this URL : https://blf.org.za/2017/12/03/investec-co-hands-off-saa/