Loading...
See More

Nedbank: SA leaders undermine law

Apr 02 2012 09:01 Sapa

Company Data

NEDBANK GROUP LIMITED [JSE:NED]

Last traded 0
Change -1,24
% Change 0
Cumulative volume 472764
Market cap 121.82bn

Last Updated: 19-12-2014 at 04:40. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

State leases, tenders to be policed

Gordhan: Corruption exists in every country

AG: Presidency, departments flout rules

Casac: Judges must reveal finances

Vavi: Corruption cause for divisions

Corruption rising, harming economy

 

Johannesburg - South African's "strange breed" of leadership needs to adhere to the institutions that underpin democracy, Nedbank Group [JSE:NED] chairperson Reuel Khoza said.

"SA is widely recognised for its liberal and enlightened constitution, yet we observe the emergence of a strange breed of leaders who are determined to undermine the rule of law and override the constitution," Khoza wrote in his chairperson's letter following the release of the bank's 2011 annual report on Friday.

He said the political climate was not a picture of an accountable 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 said South Africans had the duty to build and develop the nation, but also to hold its leadership accountable.

"We have a duty to build and develop this nation and to call to book the putative leaders who, due to sheer incapacity to deal with the complexity of 21st century governance and leadership, cannot lead," said Khoza.

 
nedbank group  |  reuel khoza
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...