Greater KwaDukuza ANCYL picket outside Absa CONTINUED FROM PAGE 1

2017-02-08 06:03
ANCYL provincial secretary Thanduxolo Sabelo, Greater KwaDukuza ANCYL regional secretary Musa Zondi, regional chairperson Mfanafuthi Ngcobo, and regional treasurer John Phahla addressing the league's members and supporters during a picket at Absa last Thursday. Photo: Makhosandile Zulu

ANCYL provincial secretary Thanduxolo Sabelo, Greater KwaDukuza ANCYL regional secretary Musa Zondi, regional chairperson Mfanafuthi Ngcobo, and regional treasurer John Phahla addressing the league's members and supporters during a picket at Absa last Thursday. Photo: Makhosandile Zulu

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Sabelo called on the KZN provincial government to move its bank accounts from Absa to another bank.

He said the league chose Thursday to picket outside of the branch in Ballito because it was not the bank’s busiest day but he said the campaign would intensify if their demands are not met.
“We are still sending warnings, we have said to you before, our campaign is going to intensify, we will come to you on the 15th, we will come to you on the 25th, we will come to you on the last day of the month, every month up until you pay back the money," he said.
Sabelo called upon Absa employees to take part in the league's campaign by instituting a go-slow protest.

He said the campaign to occupy the bank would target branches with the most business.

He called on President Jacob Zuma to appoint a commission of enquiry that will investigate the banking sector in South Africa.

"We have been told that they [banks] refuse to give loans to black-owned small companies, but they fund 90% of white-owned small companies," Sabelo said.

He urged youth league members and supporters to desist from patronising businesses which are not black-owned or do not have black shareholders.

"The Youth League will never be quiet again, this Youth League is going to fight white monopoly capital head-on, we don't care who says what, comrades, let us unite and intensify the struggle," Sabelo said.

Absa representative Rajiv Singh said the league's concerns would be communicated to the bank's relevant management.

In a statement, Absa said it has thus far fully co-operated with the PP's investigation since its inception and that the bank would continue to do so.

"We have written to the Public Protector informing her that we accept her invitation to make further submissions in terms of the Public Protector Act.
“These submissions will correct several factual and legal inaccuracies that are contained in the Provisional Report. This will be done on or before the deadline of 28 February 2017.

“It is regrettable that the Public Protector's Report has been leaked before further submissions and finalisation because in its current form it perpetuates an incorrect view that Absa Bank Ltd was the beneficiary of undue SA Reserve Bank assistance," the statement reads.

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