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Saturday, November 27, 2010

Corporate South Africa with a gun to it’s head

hey hey, guess who features again today? The ANCYL and Nedbank are at, what I believe is a very important set of cross roads today. The outcome of this stand off will send a very strong message to all of South Africa.


http://www.ancyl.org.za/home/index.php?option=com_content&view=article&id=127:anc-yl-calls-on-nedbank-to-retain-asa-sponsorship&catid=39:news
 
Listening to the radio this morning and hearing Julius Malema’s threats to Nedbank to close the ANCYL account with them if they withdraw sponsorship made me think. Here is a standoff that we need to watch very carefully. If Nedbank give in and continue to sponsor ASA because of his threat, then we are indeed in a great deal of trouble. When a political party holds corporate South Africa to ransom and wins, it sends a VERY strong message to the public.


I think this is a poorly disguised attempt from the ANCYL to flex it’s muscles and show just how much control it really has. The threat to rally the public and corporate world in South Africa to withdraw their support of Nedbank by closing their accounts and moving to other banks is how Julius Malema and co say to Nedbank: “Knight to C6, Check, your move”
I wait in anticipation of their move, it had better be a doozy.

If the ANCYL get their way, then where will the limit of the ANCYL’s power be shifted? In short, their limits of power will be removed. By controlling corporate SA, they have control of most of South Africa. Like puppets on a string, dancing to the tune being whistled by Mr Malema.

Again, perhaps simply my own paranoid thoughts, but as each day unfolds, all of my concerns as to the direction of this country unfold just as I fear they would.
If the ANC really wanted to rein this clown in, do you think they would not have already done so? To quote Marcellus in The Merchant of Venice: “Something is rotten in the state of Denmark”

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