MyPE

Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

Black First Land First march to the South African Reserve Bank

By

Black First Land First march to the South African Reserve Bank:

On Friday, the Black First Land First (BLF) movement marched to the South African Reserve Bank (SARB) (http://APO.af/JsJaEi) to demand that the institution act on the Public Protector’s preliminary report which found that ABSA illegally benefited from apartheid cash injections from the SARB.

BLF joined the ANC Youth League (ANCYL) recently in a march to ABSA headquarters (http://APO.af/Y21xVq) to demand that #ABSAmustPay. The Public Protector, Adv Busisiwe Mkhwebane, found that ABSA should pay R3.2 billion.

BLF said they wanted the SARB to take seriously and act on findings of the CIEX report, which investigated money stolen during the late stages of institutionalised apartheid. The report found that R26 billion could be immediately recoverable.

The aim of the march was to also implore the SARB to punish corrupt banks, ABSA, Standard Bank and Investec, which the Competition Commission found (http://APO.af/VsZ1A9) had manipulated and fixed the rand/dollar price.

Distributed by APO on behalf of Black First Land First.

Contact:
Andile Mngxitama
National Convenor, Black First Land First
Tel: +27 826783200

Media files
Black First Land First
Download logo

Multimedia content

Source: APO – Africa-Newsroom: latest news releases related to Africa.

The following two tabs change content below.

Port Elizabethan

This author is a 'catch-all' for occasional articles and letters written to MyPE. The Author of each article can be found in the signature at the bottom of each individual article.