Data provided by McGregor BFA
All data is delayed
Loading...
See More

Nedbank chair warns of rogue state

Aug 16 2012 11:23 Sapa

Related Articles

Khoza calls for visionary leadership

ANC lashes Nedbank's Khoza

Khoza unperturbed by Manyi attack

Manyi slams Nedbank chair

Nedbank: SA leaders undermine law

JSE CEO wades into ANC-Khoza row

 

Johannesburg - South Africans should take note of warnings that the country could be on the path to becoming a rogue state, Nedbank Group [JSE:NED] chairperson Reuel Khoza said in an opinion article published on Politicsweb.

"We may not yet be a rogue state, but we could be on our way there," he wrote in the article published this week.

Khoza blamed rising corruption, ethically weak leadership, and the protection of state information bill for South Africa's plight.

"Not only is corruption rife at the top of society, but convicted criminals with the right connections can get a sympathetic hearing from the powers-that-be.

"Warnings to South Africans to wake up and resist the spread of institutional crime seem to fall on deaf ears as the pace of misgovernance by misdeeds hots up."

The protection of state information bill would be used by "state scoundrels" to protect themselves.

"The rogue state in South Africa will take great strides forward."

Political and business leaders reflected short-term and ethically weak transitional leadership styles, he said.

"To speak of a 'second transition' when the first is not even halfway accomplished is an admission of failing transitional leadership status."

In Nedbank's annual report earlier this year, Khoza wrote that South Africa's "strange breed" of leadership needed to adhere to the institutions that underpinned democracy.

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.

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

ANC secretary general Mantashe later lashed out at Khoza at a press briefing with the party's top six officials.

"I would be very worried if the business community begins to think that it has a monopoly of understanding of political leadership," he told reporters.

*Follow Fin24 on Facebook, Twitter and Google+.

 
nedbank group  |  reuel khoza  |  sa economy
NEXT ON FIN24X

 
 
 

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
54 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

ANC set for two-thirds majority - poll

The ANC is on course to win nearly a two-thirds majority in 7 May elections, a poll has showed, confounding analysts who had predicted a fall in support for the ruling party.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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