The South African judiciary is untransformed and openly serves the interests of white monopoly capital. The Pretoria High Court’s decision today to set aside the Public Protector’s Bankorp-CIEX report (where ABSA was ordered to pay R1,125 billion), is a textbook example of how the judiciary is in the pockets of white monopoly capital. The effect of the ruling is that ABSA will not pay back the money it stole from the people of South Africa. This ruling shows more clearly that the talk of fighting corruption is a ruse to legitimise the looting of white monopoly capital.
That ABSA, Johann Rupert and his father Anton, Daimler Chrysler, Nedbank and Armscor stole over R26 billion from the South African Reserve Bank (SARB) is not a matter of conjecture but fact. Over three investigations have come to the same conclusions. The judgment relies on obtuse and racist reasoning to absolve ABSA, and by extension all white monopoly capital looters who continue to loot.
Continue reading “Racist High Court absolves ABSA’s corruption”