SACP calls on Ithala board to resign

2010-09-16 00:00

THE South African Communist Party in KwaZulu-Natal has called on the board of Ithala Bank to resign following a report by the Auditor-General that highlights the collapse of corporate governance within the KZN-owned bank.

This is one of the decisions to emerge at the SACP’s provincial general council (PGC), held in preparation for the ANC’s national general council next week.

Speaking at a press conference, SACP provincial secretary Themba Mthethwa praised Justice and Constitutional Minister Jeff Radebe for acting against corruption by some government and Ithala officials.

The report of the 2009/2010 financial year reveals that R20,2million was spent without adhering to the procurement policy stipulated by the Public Finance Management Act.

The communists also criticised what they called “the new tendency within the alliance, including the media” to disrespect President Jacob Zuma, saying there is “a backroom alliance of the media, some businesses and the new tendency within the ANC and its alliance” who want to continue where the 1996 campaign to alienate ­Zuma within the ANC left off.

Although it supports nationalisation, the SACP is “against any type of nationalisation that is biased towards black economic empowerment and political elite,” the party said.

The KZN Young Communist League (YCL) took a swipe at ­ANCYL president Julius Malema for his “one man, one wife” statement, which is widely believed to be directed at Zuma.

KZN YCL secretary Mlungisi Hlongwane said Malema is arrogant and undermining the intelligence of everyone by denying his statement was directed at Zuma.

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