The MK party strongly criticizes banks, labeling their closure of Zuma's accounts as politically driven
The uMkhonto weSizwe party has criticized FNB for closing former president Jacob Zuma's accounts, claiming it was politically motivated rather than based on reputational risk as stated by the bank.
According to MK party spokesperson Nhlamulo Ndhlela, this move by FNB is not an isolated incident but part of a broader effort by banks to target individuals perceived as adversaries by the establishment.
The MK party urges FNB to reconsider its decision to close Zuma's accounts, and also calls out other banks for similar actions against different individuals. If these banks persist in their actions, the party threatens to mobilize its supporters to close their accounts with these institutions.
In response to banks involving themselves in political matters, the MK party plans to take mass action against them and insists that banks should focus solely on their business operations, staying clear of political involvement.
Ndhlela highlights that Zuma is not the only one targeted by banks, citing Dr. Iqbal Surve and his companies as examples. He accuses banks of arbitrarily closing accounts under the pretext of posing reputational risks.
The MK party vows to compel financial institutions to undergo transformation and insists on fair treatment from the courts in cases related to bank actions. They criticize the lack of action against individuals like Markus Jooste, who allegedly caused reputational risk to banks but faced no consequences.
Furthermore, the party condemns the appointment of an all-white bench by the Supreme Court of Appeal in cases related to racism within banks and calls for introspection and reform within the judiciary.
In conclusion, the MK party advocates for equal treatment by banks, stressing the importance of uniform rules for all clients regardless of their status or background.
According to MK party spokesperson Nhlamulo Ndhlela, this move by FNB is not an isolated incident but part of a broader effort by banks to target individuals perceived as adversaries by the establishment.
The MK party urges FNB to reconsider its decision to close Zuma's accounts, and also calls out other banks for similar actions against different individuals. If these banks persist in their actions, the party threatens to mobilize its supporters to close their accounts with these institutions.
In response to banks involving themselves in political matters, the MK party plans to take mass action against them and insists that banks should focus solely on their business operations, staying clear of political involvement.
Ndhlela highlights that Zuma is not the only one targeted by banks, citing Dr. Iqbal Surve and his companies as examples. He accuses banks of arbitrarily closing accounts under the pretext of posing reputational risks.
The MK party vows to compel financial institutions to undergo transformation and insists on fair treatment from the courts in cases related to bank actions. They criticize the lack of action against individuals like Markus Jooste, who allegedly caused reputational risk to banks but faced no consequences.
Furthermore, the party condemns the appointment of an all-white bench by the Supreme Court of Appeal in cases related to racism within banks and calls for introspection and reform within the judiciary.
In conclusion, the MK party advocates for equal treatment by banks, stressing the importance of uniform rules for all clients regardless of their status or background.
