Malema ultimatum

2009-10-10 13:31

ANC YOUTH League president ­Julius Malema has demanded to meet Nedbank chief executive Tom Boardman, “not junior black faces”, to discuss the institution’s withdrawal of its sponsorship for Athletics South Africa (ASA).

Speaking at the yearly Black Management Forum conference at Gallagher Estate, Midrand, on Friday, Malema said the youth league would have no dealings with the bank until they met Boardman to discuss its withdrawal of its ASA sponsorship.

He said Nedbank had no reason to withdraw the sponsorship simply because of ASA president Leonard Chuene had recently admitted to having lied to the nation to protect athlete Caster Semenya during the scandal over her gender testing.

“Why are you punishing children because of the sins of the father? These children did not do anything wrong. Why are you not sponsoring them?” Malema asked.

He said he had urged the bank to meet the youth league on the issue but “what do they do in Nedbank?. They look at African faces in the junior management and say to them, go and meet the youth league so that it can be black on black”.

“We have said to Nedbank, for as long as you don’t bring the chief executive we will not meet Nedbank and we are giving them a timeframe before we embark on an action so that we teach capital the power of the masses on the ground.

“We are still awaiting an engagement. We never said we are going to boycott Nedbank. We have an agenda to withdraw our accounts in case they don’t co-operate.”

Earlier this week Nedbank reportedly sent two “black faces” to Luthuli House to meet Malema and his delegation, but the ANCYL turned them down, demanding to meet Boardman instead.

Nedbank spokesperson Joanne Isaacs and Mfundo Nkuhlu, head of Nedbank Corporate, could not be reached for comment yesterday.

Malema also slammed the bank for reducing the executive powers of Raisibe Morathi, who was recently appointed the bank’s chief financial officer. When Nedbank appointed Morathi to the position in September it stripped her of the powers that her predecessor had.

Malelma told the packed auditorium that the bank’s actions showed it did not trust Africans and that its withdrawal of its ASA sponsorship has sent the same message about Africans.

“When you are given a responsibility as an African, you are given a white senior to supervise you. Look at Nedbank, they appoint a chief financial officer, they take everything from her. Why? Because she is African. She can’t report directly to a senior chief executive,” Malema said.

“The projection has always been that we can’t handle money. We are corrupt. We are a group of drunkards who like sex and alcohol and easy money. That is how African leadership is being projected,” he said to loud applause.


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