Nedbank chair warns of rogue state

2012-08-16 11:23

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+.


  • werner.nel.712 - 2012-08-16 11:56

    I thought it was already...

  • chaapo.sithole - 2012-08-16 11:56

    Business community might not have a monopoly, but so is the case with political parties and indeed the common person who gets the raw deal in an environmnet of corruption, cronyism, nepotism and incompetence. If the ANC can refute it, then show the evidence that what he said is not true.

  • tanja.naidoo - 2012-08-16 11:57

    High-five Mr Khoza. Its about time that Corporations spoke up for the people.

  • chris.novak.9235 - 2012-08-16 12:01

    zuma is a chop! zuma is a chop!zuma is a chop! zuma is a chop! zuma is a chop! zuma is a chop!zuma is a chop! zuma is a chop!zuma is a chop! zuma is a chop!zuma is a chop! zuma is a chop!zuma is a chop! zuma is a chop!zuma is a chop! zuma is a chop!zuma is a chop! zuma is a chop!zuma is a chop! zuma is a chop!

  • wim.kruger.7 - 2012-08-16 12:04

    Brave and appropriate, Mr Khoza! I just hope that your voice will be supplemented by more similar concerns by other good South Africans, and I wonder at the same time where our other 'moral' pillars of the community like Desmond Tut are,

  • trevor.pietersen.3 - 2012-08-16 12:05

    Shame did he just find this out now..... WE knew it from was gonna happen

      Bruce - 2012-08-16 12:15

      It could have been better if the nats were still in power, right?

      alan.gernet - 2012-08-16 12:19

      nah - but he had the guts to speak up against our weak and corrupt leadership.

  • henk.vanrensburg.31 - 2012-08-16 12:06

    They cant help themselves......

  • alan.roberts.372 - 2012-08-16 12:08

    What - do you think the previous government was not corrupt ???? P leaze !!! They just did not steal and bribe so openly !! I think the country would be better off if run by COMPETENT people of ALL races - not this I'm black its our turn point of view - it helps only the privileged !!!

      patrick.buckley.712 - 2012-08-16 12:21

      All politicians are corrupt: BUT the difference is that now all the cream is taken in the morning. At lunch all the milk disappears. By the end of the day the pail has been stolen, and the next morning they arrive with a gun to shoot the cow!

  • TshilidziPhuravhathu - 2012-08-16 12:08

    This guy has been ringing these bells for quit some time now and big ups for that Mr Khoza, I just worry that no one is listening...

  • robes.spear - 2012-08-16 12:09

    Well done Reuel! We need more honest leaders in business and society to take a stand.

  • ian.flack2 - 2012-08-16 12:11

    You see Mr Mantashe, the truth hurts doesn't it..............

  • obadia.segwape - 2012-08-16 12:14

    thinking of opening a coruption skills institution so that i can earn some money thats not coruption mos

  • larry.piggott1 - 2012-08-16 12:14

    No surprises here. Only the Cadres would disagree.

  • kelvin.dyer.9 - 2012-08-16 12:14

    Shoot the messenger!

  • Hermann - 2012-08-16 12:15

    Bingo shot on the target. And for Mantashe he sees only criticism in his insecure political state of mind and misses the message completely. Wonderful the message came from a Black.

  • terrylee.heuer - 2012-08-16 12:18

    Spot on Mr Khoza I am very aware as its news everyday and I'm sure most South Africans are as well as its taxpayers money going down the drain!!! Very worrying indeed...

  • errol.wagner - 2012-08-16 12:19

    Hear! Hear! It is encouraging to find business men, Black and White who are objective and are not afraid to be 'politcally incorrect'. Give this man a Bells!

  • bongani.nsele.58 - 2012-08-16 12:20

    blackwatter, wall street, banksters insider trading, wake up

      eloise.botha - 2012-08-16 13:45

      Bongani, yes indeed time to wake up, the ANC is a disgrace... So much corruption et, etc, etc. Half the money lost in 2012 would have been enough to foot half the e-toll bill... Yes time to wake up indeed

      alan.jerrold - 2012-08-16 14:10

      Bongani - try and refute what he says instead of shooting the messenger. You can't. Mr Khoza tells the absolute truth.

  • mahlangu.bobo - 2012-08-16 12:51

    .....Waiting for Gwede's response......

  • Mike - 2012-08-16 12:52

    Mr Khosa, I think SA achieved that status some time ago.

  • alec.stafford - 2012-08-16 12:54

    I neither agree nor disagree with the above, but he is being very brave making that statement! Hopefully he won't find himself on the receiving end of the powers-that-be in the company. But i do applaud him for being so forthright.

  • watsongeorgejan - 2012-08-16 12:57

    Dear Mr Mantashe , the business community has a right to make appraisals on the political landscape of a country as it impacts directly on the status of their enterprises. The assertion that they want to monopolise political understanding sounds quite arbitrary. Since when was political analysis deemed as a politician's fiefdom? . This stance is evident of what Mr Khoza is raising , a polical enviroment where speaking truth to power is a crime, while we have convicted fraudsters running political shools of some political parties. Talk about double standards.

  • mohlala.moroamadile - 2012-08-16 14:04

    It's a depressing state of affairs. People lost lives to be where we are today. It's unfortunate times in the beloved country.Cr@p like this happens when you have men that are immoral, dishonest, greedy and corrupt acting as leaders of state. Our politics were founded by principled, learned christian men & by then chiefs that were by nature leaders who knew how to serve and protect their own people. Keep on going ntate Khoza

  • salahudin.david - 2012-08-16 14:17

    I find it curious that a personal blog with such a poor execution of one's linguistic ability, published in remote corners of the web should have the opportunity to be ranched up by media and splashed as news. Political debate is inevitable in any country; it's part of their job. For you commons to think that all the developed economies have little or no conflicts at the top is narcissism and ignorance of the most idiotic kind. Look at Margaret Thatcher's fight against miners and unions... Richard Nixon's Watergate, Bill Clinton's penis, Putin's Chechnya and Sarkozy's creationism in textbooks. If you don't want to build the country with us like the citizens did for England, America, France and so on... get out and don't come back!

      watsongeorgejan - 2012-08-16 16:31

      And that's exactly the crux of Reuel Khoza's argument, unity in building S.A to it's full potential. But in doing so we guard against charlatans with self interest using our loyalty to lead us like blind sheep to oblivion. You rightfully point out the fact that people of the world in most instances have taken the responsibility of their destiny in their own hands especially with regards to gorvenance issues. Now what baffles me is the tone of hostility and the need to gag Mr Khoza that's evident in your comment. You are representative of the same people Mr khoza is refering to \despots in the making\. S.A is a democracy with freedom of speech entrenched in our constitution and if you can't live with that emigrate to Zim and don't come back!.

  • deepchund.ramchurren - 2012-08-16 18:34

    R Khoza,well done.Those that feel you don't know politics should have their heads checked.It seems the truth is beginning to hurt somebody.

  • marcanthonytaylor - 2012-08-16 20:27

    Mantashe, perhaps you should be worried. Business controls government all over the world.

  • - 2012-08-16 22:30


  • eduard.marais.5 - 2012-08-16 23:43

    Bravo Mr Khoza, you have a lot of ballas. They (ANC) are going to call you all kinds of names. I call on all blacks in SA to stand behind Mr Khoza (us whiteys will just stay in the corner and shutup lest we are called racists) SA need a new intelligent leadership NOW ...

  • sifiso.madondo.7 - 2012-08-17 15:09

    Sifiso madondo what a breath of fresh air, and I new that the anc under the dictactor will respond and they will stop all their businesses to have press conference and respond to Mr Khoza while they failed to call apress conference to date and apologise to the nation about the Limpopo text book saga. the arrogance of the ANC must be stpped and it will be stopped. by the poeple and from now on they wont get my vote. what did the ANC say about AURORA Mine no press conference by the top six till today. but they have a nerve to attack mr Khoza Sis man

  • pages:
  • 1