Nedbank: SA leaders undermine law

2012-04-02 09:01

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.


  • Zelda-v - 2012-04-03 10:56

    Thank you for publicly speaking up and taking a stand. We can not afford to 'do the ostrich' with our heads firmly buried in the sand while our country is being bankcrupted. What did I work for, for the past 50 years? Poverty in my old age? This government will go down in the anals of history as the swarm of locusts that devoured everything.

  • jam35y30 - 2012-04-10 09:36

    Well said!!

  • collins.nkuna - 2012-09-27 12:42

    The comments are well acknowledged,the current government is afraid of criticism and opposing perspectives,the political leaders are above the law and they don't respect the constitution,they are only interested in corruption,enriching their families and themselves.

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