ANCYL leader closing Absa account

2016-01-15 16:37

Johannesburg - ANC Youth League president Collen Maine will close his Absa bank account because he believes it is contributing to the decline in the value of the rand.

"We have said that Barclays Bank and Goldman Sachs are conniving to destabilise our economy. We can't continue to support people who have no interest in South Africa," Maine said.

Absa is a member of the Barclays Group.

He claimed international banks were targeting BRICS countries because they were a "threat to their agenda".

Maine said this was why the ANC Youth League was calling for a boycott of Absa.

However, he said this had nothing to do with the Economic Freedom Fighters' plan to "occupy" Absa.

In November last year, EFF leader Julius Malema said his party wanted "practical action" from companies like Absa to address inequalities in the country.

"We targeted Absa because it is the amalgamated banks of the Broederbond who operated during apartheid and stole our money on the eve of democracy," he claimed.

Malema did not give a date or time, but said on one day 3000 EFF members would occupy each branch of Absa around the country.

Join the conversation! 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

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


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 network.


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.