What do you think placing the bank in the hands of those where the problem lies will do to the economy?

You and Cosatu seem to be contradicting yourselves.

You are openly knocking the ANC for losing touch with the people and mismanagement of resources.

Now you call for this madness, which seems like more of a means to drive your own political career than a carefully thought out and well-constructed idea.

Consider our education sector and the wastage. Look at our municipalities, which are mostly bankrupt . Look at our politicians, who live in luxury while the people starve.

And finally look at our unions and the cars their leaders drive.

Look at the National Union of Mineworkers. It is difficult to find credible leadership in a union whose workers are striking and willing to risk their lives for an increase in salary of a few thousand rand per month.

Before any group could even consider the option of nationalisation, it should first ensure its house is in order, with complete transparency, and proper governance procedures being implemented.

There is no use making promises to the people that will fail. That is why South Africa is in the situation it is in.

We don't need more Julius Malema declarations.

He just blurts things out without considering the ramifications.

Statements made to gain popularity, coupled with a large uneducated populace, are tantamount to running around with a canister of nitroglycerine.

Our people look to those leaders to guide them, and they accept statements at face value.

If anything, one of Cosatu's first goals with regard to Mangaung should be to have our leaders pass some sort of law that prohibits any person involved in politics from making a statement or promise that cannot be factually tested, or is not based upon sound economic principles.

Statements by our politicians (across the entire spectrum) should be openly tested. If found wanting, these politicians should be forced to make a public apology, so our people can see the truth for what it really is.

Through this process, we will be able to do away with the charlatans and those who seek merely to promote their own wealth.

We will keep those whose aim it is to serve the people of South Africa, so we can be placed back on the path to economic freedom for all.