Thami Sokutu dies at 53

By Drum Digital
01 February 2015

Former African Bank executive Thami Sokutu has died at his home in Cape Town at the age of 53.

Family spokesman David Barritt told TIMESLIVE that the banker died after a short illness.

Sokutu gained notoriety last year when, in a drunken interview with the Sunday Times, he said: "F*** the poor."

His said this on the back of the Reserve Bank's African Bank takeover due to uncontrolled and risky lending.

Fellow political activist and businessman Saki Macozoma recalled says Sokutu fought to bring the environment to the forefront of ANC discussions before the party took power in 1994. "Thami was only misunderstood towards the end of his life, when his health was failing him. For me the sad thing is the demonisation of a man who cared so much and did so much for the people of South Africa."

Sokutu had been director-general of public works before he entered the private sector as executive director of African Bank in 2002.

He is survived by his wife, Nosisi, son, Wanda, and daughter, Sandi.

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