BLF says no to capture of the PIC

The Public Investment Corporation (PIC) continues to give white monopoly capital the public’s pensions funds. The capture of the PIC by white monopoly capital was organized under the tenures of both Trevor Manuel and Pravin Gordhan at National Treasury as Ministers of Finance respectively. Unfortunately, the capture has not been stopped by the current Minister of Finance, Malusi Gigaba, and his deputy, Sfiso Buthelezi.

It’s shocking that brutal mass murdering imperialist companies like Lonmin are beneficiaries of the PIC investments. Now reports suggest that Lonmin may even get a bigger slice of the pie through its merger with Sibanye Stillwater. The PIC has just increased its stake in Sibanye Stillwater (Sibanye) right at the time that the company is retrenching 7000 workers.

BLF asks the nation to observe the hypocrisy that impacts so negatively on job creation. In this context a company like Oakbay Investments (Oakbay) that is fighting to keep 8000 jobs is being attacked by white monopoly capital which in turn is hellbent on shutting down its bank accounts and consequently depriving the workers of their jobs. The irony is that the PIC is giving more funds to Sibanye which is retrenching 7000 workers. It looks like Oakbay is being punished for saving jobs while the likes of Sibanye and Lonmin get rewarded for job cuts.

BLF calls on the PIC to use its leverage to create and protect jobs. The stake at Sibanye has to be used to stop the job blood bath. Furthermore, BLF calls on the Minister of Finance to speedily publish the list of companies and their shareholders as well the amounts extended to them by it in the last ten years. Let the nation see for itself how white monopoly capital has captured the state.

ISSUED BY THE NATIONAL COORDINATING COMMITTEE OF THE BLACK FIRST LAND FIRST MOVEMENT (BLF NCC)

6 November 2017

Contact Details
Black First Land First Mail: [email protected]­gmail.com

Zanele Lwana
(BLF Deputy President)
Cell: +27 79 986 7225

Lindsay Maasdorp
(National Spokesperson)
Cell: +27 79 915 2957

Brian Tloubatla
(Deputy National Spokesperson)
Cell: +27 82 216 7664

BLF to take action against Judge Fabricius

BLF to take action against Judge Fabricius

Black First Land First (BLF) has resolved to take action against Judge Hans Fabricius who handed down one of the most atrocious judgments in recent times in the case of Oakbay Investments versus Bank of Baroda . The judgment by Fabricius on 21 September 2017 is a testament to the capture of the judiciary by white monopoly capital.

The judge dismissed the application by Oakbay Investments (Oakbay) in an openly biased and illegal manner. He showed via his judgment that he doesn’t care for the plight of the 7500 Oakbay workers who stand to loose their livelihoods upon closure of Oakbay’s bank account by the Bank of Baroda on 30 September 2017. It makes no sense why the judge didn’t grant Oakbay an extension of their relationship with the Bank of Baroda until the main application is heard in December this year. The judgment renders the envisaged main application by Oakbay to try and save its account with the Bank of Baroda superfluous.

BLF has had regard for the history of the judgments and jurisprudential outlook of Judge Fabricius and we have come to the determination that he is not a fit and proper person to be a judge of the High Court or of any other Court of this country. In this regard a number of actions shall be undertaken including:

1. Laying a complaint with the Judicial Conduct Committee of the Judicial Services Commission to have Judge Fabricius removed from the bench.

2. Opening a criminal case against Judge Fabricius on the evidence that he is working with enemies of Radical Economic Transformation such as the racist Organization Undoing Tax Abuse (OUTA).

BLF will submit a written statement of evidence to the police against Judge Fabricius. We call on all judges to resist capture by white monopoly capital in its quest to keep the South African economy in the hands of a minority.
Issued by the National Coordinating Committee of Black First Land First (BLF NCC)

23 September 2017

Black First Land First Email:[email protected]
Facebook: Black First Land First
Twitter: @black1stland1st
Website: www.blf.org.za

Zanele Lwana
(Deputy President)
Cell: +27799867225

Lindsay Maasdorp
(National Spokesperson)
Cell: +27 79 915 2957

Brian Tloubatla
(Deputy National Spokesperson)
Cell: +27 82 216 7664

Pravin Gordhan must pay from his pocket

Pravin Gordhan must pay from his pocket

Black First Land First (BLF) calls on the Minister of Finance, Mr Malusi Gigaba, not to be caught up in wasteful and fruitless expenditure claims arising from the legal costs incurred by Pravin Gordhan. It is now a known fact that Pravin Gordhan wasted tax payers money with an “unnecessary” court application for a declaration that he must not, as Minister of Finance, intervene in the relationship between the banks and its clients. The North Gauteng High Court yesterday via the Deputy Judge President, Aubrey Ledwaba, dismissed the application with costs. Black First Land First (BLF) is clear – Pravin Gordhan must pay the costs which includes the costs of two counsel, not the tax payers.

The application brought by Pravin Gordhan was malicious, vexatious and totally unnecessary. Gordhan only brought this application as a mechanism to defend the criminal behaviour of the white owned banks which illegally shut down the bank accounts of Oakbay Investments (Pty) Ltd (Oakbay) which is a Gupta owned holding company. Society must not pay for the evil agenda of white monopoly capital that Pravin Gordhan is acting in service of.

BLF will write a letter to Minister Gigaba asking him not to engage in wasteful expenditure by using tax payers monies to pay for the legal costs incurred by Pravin Gordhan in bad faith. Let Gordhan pay from his own pocket – after all the application was in his business interests because he has shares in the implicated banks.

Issued by the National Coordinating Committee of Black First Land First (BLF NCC)

19 August 2017
Black First Land First Email: [email protected]
Facebook: Black First Land First
Twitter: @black1stland1st
Website: www.blf.org.za

Zanele Lwana
(National Spokesperson)
Cell: +27799867225

Lindsay Maasdorp
(National Spokesperson)
Cell: +27 79 915 2957

Brian Tloubatla
(Deputy National Spokesperson)
Cell: +27 82 216 7664