• Investment options

    A Fin24 user is warned against saving himself into bankruptcy.

  • Coffee time

    Starbucks has a new way to wake up its customers. Clue: calorie count.

Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Nedbank: SA leaders undermine law

Apr 02 2012 09:01 Sapa

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

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

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

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