Closing of Gupta bank accounts a 'political stunt' - Zuma advisor

2016-04-18 16:31
(Photo: GCIS)

(Photo: GCIS)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - The decision by the country's banks to close the Gupta family's accounts was a “political stunt”, President Jacob Zuma's political advisor, Vuso Shabalala, says.

"It sends an unequivocal message about who is in power in SA today; who determines what the state may or may not do," he wrote in an opinion piece published on politicsweb.

The move had nothing to do with morality or the banks protecting their reputations.

"Ordinarily, such brazen display of power by banking oligopolies especially, would be met by fierce resistance by democratic forces as it rightly should. But the Guptas are no ordinary mortals, of course, depending on your vantage point."

Shabalala said it was the banks and their "most treasured clients" who showed strong resistance to the implementation of some laws.

He said since 1994, the "Old Establishment" had steadily been chipping away at the power of the ANC-led government.

In the last couple of years, they had breached the "armour around democratic forces" by using brazen lies and innuendo directed at the ANC and its leaders.

He claimed that  the suspension of radical transformation allowed the black middle class to accommodate itself in the "embrace of the Old Establishment".

While the Guptas had benefited from the "democracy dividend", the "Old Establishment" had benefited much more.

Shabalala said the fight against corruption was being used against a government which was building institutions to promote good governance.

When the ANC-led government identified and prosecuted corruption, these cases were used to discredit the government.

He said Cosatu had participated in the formation of Corruption Watch and its former general secretary, Zwelinzima Vavi, was leading the "spirited and well-resourced campaign" to overthrow the ANC government.

He said Vavi had called on the banks to dissociate themselves from the Guptas.

Shabalala said the status quo was doomed and could not be reformed. The only question was whether the "Old Establishment" would willingly promote radical socio-economic transformation.

"The idea that 'democratic regime change' will save SA belongs to Sterkfontein [a mental institution].

"What will save SA in the medium term requires the realisation that economic apartheid must end," he said.

Read more on:    anc  |  jacob zuma  |  gupta family  |  politics

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

PARTNER CONTENT
WATCH: How education can change a life

A university education gives students the chance to create a better future for themselves, their families and to opportunity achieve their dreams.

/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.