ANCWL: Women and children suffer as banks collude against Oakbay

15 April 2016 - 12:12 By TMG Digital

Women and children would be the “victims” of the “colluding tactics of financial institutions” who are refusing to deal with Oakbay Investments‚ the African National Congress Women's League (ANCWL) said on Friday. The league stressed that it is not the “spokesperson” of the Gupta-linked group‚ but was concerned about the “livelihood of dependents of the workers of the company who are in the main unemployed women and children whose husbands/fathers/guardians income security is threatened”.Watch ANCWL president Bathabile Dlamini cry after people insult her“Therefore the ANCWL will not be on the sidelines to watch the financial monopolies waging cold-war against SA women and children‚” ANCWL secretary Meokgo Matuba said.Oakbay Investments CEO Nazeem Howa had‚ in a leaked letter to staff last week‚ said: "The closure of our bank accounts has made it virtually impossible to continue to do business in South Africa. Without bank accounts we may find ourselves in a position where we are unable to pay you‚ our valued employees”.Howa said the decision of the “Gupta family to step down from all executive and non-executive positions” in the group would “end the campaign against Oakbay and save all of our jobs”. To counter the banks’ “collusion strategy”‚ the league called on its “members who are working in these financial institutions to work through their labour unions to engage the Congress of South African Trade Unions and propose a total shutdown of these”.Banks 'got it right' by cutting ties with GuptasMatuba said it also wanted the Post Bank to be granted “a full license to operate”‚ and would urge the African National Congress to move all “government and state-owned enterprise bank accounts” to it.The league singled out FNB‚ as it had “not yet forgotten that they orchestrated an attack on the ANC and government as well as acting in a ‘treasonous’ manner by posting online videos that fed into the opposition narrative that seeks to project the ANC and its government in a negative manner”.Banks’ decisions on Oakbay taken ‘separately and independently’In 2013‚ the bank pulled advertisements in its "FNB: You Can Help"‚ which featured children in school uniforms calling for‚ among other things‚ an end to corruption and people voting for the "same government" while hoping for change. The ANC and its partners at the time interpreted this as an attack on the party and the government‚ but‚ instead of calling for people and government to close accounts with FNB‚ the ANC took a decision to accept the apology from the bank. Matuba on Friday claimed that‚ “the same bank‚ which has Johann Rupert as its shareholder…is part of the strategic indirect onslaught on the workers who have dependents to provide for”.It was the second time a member of the Rupert family was mentioned by Matuba in a week‚ after she earlier criticised “Anton Rupert…(who) also called for President Jacob Zuma to resign after the Constitutional Court ruling made by Chief Justice Mogoeng Mogoeng”.She appeared to have sympathy for the “Gupta family”‚ when she said on Wednesday that they had been subjected to an “unfair amount of attack …even after the invasions of many institutions such as the Oppenheimers‚ the Ruperts...continue to gain resources of our beloved state”...

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.