Minister takes on Nedbank chair

2012-04-05 13:33

Johannesburg - Police Minister Nathi Mthethwa on Thursday said Nedbank Group [JSE:NED] CEO Reuel Khoza's comments about the lack of leadership in South African was "twisted logic".

"Dr Reuel Khoza makes several assertions about the ANC government, some of which cannot go unchallenged," Mthethwa said in an opinion piece issued by the ANC.

"Dr Khoza holds in contempt the democratic and open society in which government is based on the will of the people, and casts the millions that voted this government into power as stupid."

Khoza, writing in Nedbank's latest annual report released on Friday, said 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, he said.

Moral quotient degenerating

"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 a duty to build and develop the nation, but also to hold their leaders accountable.

"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," said Khoza.

Mthethwa said Khoza's comments were thoughtless and devoid of substance and undermined the values, prescribes and intentions of the country's constitution.

"Our constitution is not a product of a Mount Sinai revelation that is cast in stone. It came as a result of selfless struggle and sacrifices of many South Africans and the members of international progressive humanity," he said.

The ANC government was doing its part in addressing the challenges of economic growth, job creation and development.

"Prominent by their omission in Dr Khoza's assessment of challenges are the issues... and what Nedbank, among others, is doing to address these for a better life for all," said Mthethwa.

"Understandably, the good doctor would not want to touch on these issues, lest he offends his paymasters, whom I should assume, are predominantly the beneficiaries of centuries of racist economic and political dispensations," he said.

Khoza should use his standing in society to respond to issues facing society in totality and not be tempted to blame others.

"We do not have to remind Dr Khoza that in less than 20 (years) ago, he would not have dreamt of being a chairman of Nedbank, if it was not (for) the relentless and selfless struggle of our people, led and guided by the African National Congress and its leadership that he despises so much today," said Mthethwa.

Khoza could not be immediately reached on Thursday.


  • Den - 2012-04-05 13:46

    i wonder what his part in celes troubles are.

      Gerald - 2012-04-05 15:25

      Who now because Ned CEO (M.Brown) and Khoza are 2 different people? This article has that twisted.

      champ.bopape - 2012-04-05 15:40

      It is amazing that the ANC wants to assess the work of the constitutional court, among others, on issues of transformation and other things, but it is quick to spit venom on anyone assessing the ANC on its 18years in power. Is this holier than thou stance helpful or self-disparaging? You be the judge.

  • Wimpie.Haefele - 2012-04-05 13:48

    Again play the race card if ANC have no valid come back epic fail Nthethwa, please tell me what the ANC has done for the country in the last 20 years that have benefitted the entire population and not just the ANC Elite?.

      sydney.manyibaneoamazibu - 2012-04-09 12:18

      Wimpie what hav u done for urself bfo u pose that question to the Anc.

  • Koos - 2012-04-05 13:56

    It didn't take him long to pull the race card. Yes Nathi my boy, all the stupid people at Polokwane voted for the current bunch of liedas. I asume you were one of the stupid one's.

  • Kuno - 2012-04-05 13:58

    Mthethwa said Khoza's comments were thoughtless and devoid of substance and undermined the values, prescribes and intentions of the country's constitution. Mthethwa wake up and smell the flowers... or is it the mess. Failing education system, failing health care system, no service delivery, corruption, tenderpreneurs and the list goes on. Maybe it is time to clean up the mess in front of your door before you try to sweep someone elses stoep.

      Derek - 2012-04-05 15:05

      Hey wena stop talk whilst snorring, are u really living in SA or just commenting from Europe. The ANC good list of things done is just infront of u. Wake-up and smell fresh air.

      piet.strydom - 2012-04-05 18:52

      OK Derek, name a few....

  • John - 2012-04-05 14:01

    What can I say, honorable Minister: If the shoe fits......

      Ze Don - 2012-04-05 14:19

      I just love how he plays the man & not the ball... Not once does he prove any of the assertions false!

  • Sylvester.Mohloli - 2012-04-05 14:02

    Nnete ya hlaba (truth hurts)

      champ.bopape - 2012-04-05 15:31

      I couldn't agree more, Sylvester. 18 years is a very long time. Had corruption,ill-discipline and lack of political will not interfered, South Africa would be a Developed country today.

  • Peter - 2012-04-05 14:07

    A very weak response from a very weak team.

  • Andre - 2012-04-05 14:16

    lest YOU forget.... (dis)honourable Police Chief... YOU ARE a public SERVANT... you will take our grievances to heart and you will serve us in the manner we wish you to. YOU WILL provide for the needy, the homeless and the dying!.. we are tired of the fat bellies that surround the upper tier in the ANC refuting what the chairman of Nedbank has proclaimed. YES you are out of order, out of line and out of touch with reality. GET a back bone, grow a pair and deal with issues as they are laid before you! THE ANC ARE the scourge of this country, from the top right down to the masses who have no idea of what they voted for. Its time to wipe the proverbial from your eyes as you are failing dismally! Long live Mr KHOZA... I salute you!

  • Sam - 2012-04-05 14:18

    Typical response,however Nedbank must also practise the ethics adopted by its Chairman in the way it operates, it is currently being sued by ABSA for unethical trading in the single future stocks debacle, where it was reported the CEO Brown commented that Big Red would pick up the tab !! Lets wait and see when all is out after this battle how ethical Nedbank has behaved, they too were the financiers in the lease scandal, why did they not flag the inflated rental agreements, but cry foul when Public Works stopped all lease agreements !!

  • Graham - 2012-04-05 14:20

    ...and those "members of progresseive humanity" are all having second thoughts now that the current bunch of "leaders" are in power....!

  • thapelo.devotion.mothibi - 2012-04-05 14:32

    Wow I thought it was someone a little bit intelligent.*sigh* \r\n\r\nanyways the apartheid struggle we passed with distinctions there credit where's due, what about 10 years post apartheid? looting lootin looting? I read Mr Khoza's article and unfortunately I didn't see exactly where he calls South africans \stupid\. Someone a bit intelligent would've tried and show him the glimpse of intelligent leadership within the Government currently instead of shining in past leaders shone, you are a current leader for heavens. Show him how intelligent zuma or yourself is and your successes that's if there are any. eish!\r\nI believe MR Khoza is justified unless you can prove him wrong instead of attacking him,those emotions show panicky unless you are confident enough to civil on this debate.

  • rex.aspeling - 2012-04-05 14:48

    The ANC thinks it's constituency is stupid. This is a real pity because while they pillage the coffers NO sustainable take place. They are far to busy either spending or hiding it with impunity.

  • Nosiphom - 2012-04-05 15:08

    Attacking the man does not change the facts that he said. Could there be some truth in what he is saying, you should be asking yourselves. If there is no truth, why is there such a perceptions way and how can the negative perception be changed ? Attacking him and telling him of the achievements of the past 20 years instead of looking forward to the next 20 years. Be strategic, use your critics in order to improve, don't jump at them, it just reinforces the perceptions.

  • errol.wagner - 2012-04-05 16:53


  • Mark - 2012-04-06 12:17

    The only people with twisted logic here are the ANC leadership who believe that they can steal the public blind and divert this into their own pockets. They should be wary of taking on the banks as that is where the basis of our economy lies - too many hints again as to their true goals, nationalization. Business is not stupid Mthethwa, perhaps a lot smarter than you realise.

  • Mokete - 2012-04-07 11:17

    This country has a political leadership vacuum!!

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