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Manyi slams Nedbank chair

Apr 10 2012 08:31 Sapa

Company Data

NEDBANK GROUP LIMITED [JSE:NED]

Last traded 231.60
Change 0.85
% Change 0.00
Cumulative volume 604699
Market cap 115.63bn

Last Updated: 02/09/2014 at 04:25. Prices are delayed by 15 minutes. Source: McGregor BFA

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 Johannesburg - Cabinet spokesperson Jimmy Manyi has lashed out at Nedbank Group [JSE:NED] chairperson Reuel Khoza for his "attack" on the government.

In a letter published in The Star newspaper on Tuesday, Manyi said comments Khoza had made which accompanied the bank's annual results showed "disingenuousness and that his books aren't exactly balanced".

In the report, released last month, Khoza said the country's "strange breed" of leadership needs to adhere to the institutions that underpin democracy.

"Our political leadership's moral quotient is degenerating and we are fast losing the checks and balances that are necessary to prevent a recurrence of the past," Khoza wrote.

In response, Manyi wrote: "It would help if Dr Khoza were to expand on his allegations and tell us exactly which checks and balances are being lost 'fast' and which recurrence of the past - and which past - he fears so much."

Manyi also questioned Khoza's negativity considering the annual results document pack had an overview reflecting a significantly more positive, or at least expectant, disposition among management.

"Given Dr Khoza's putative concern about the state of levels of public accountability, it is only fair to ask to what extent his statement reflects the views of the illustrious and diverse board which now includes eminent champions of transformation... or is he out on a lone frolic," said Manyi.

 
jimmy manyi  |  reuel khoza  |  corruption
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