BLF to take action against Steinhoff and Markus Jooste

BLF to take action against Steinhoff and Markus Jooste

Black First Land First (BLF) will take multiple actions against the corruption of Markus Jooste, the former Chief Executive Officer (CEO) of the discredited Steinhoff International (Steinhoff). BLF will also take action against all those who helped Jooste in his corrupt activities – from his deputy to the entire Board of Directors and to the auditing firm Deloitte that gave Steinhoff a clean audit thus clearing them of the corruption which in turn has cost government over R12 billion. This is the biggest scandal of the year.

BLF has already sent a letter this morning to the Minister of Finance, Malusi Gigaba, to amongst other things:

1. Probe probable contraventions of the provisions of finance regulations by the South African Revenue Services (SARS), PIC, auditors, chartered accountants and directors.

2. Report the auditing firm Deloitte to the Independent Regulatory Board for Auditors (IRBA).

3. Report all the directors of the board to the Institute of Directors (IoD) with a view to having the directors declared unfit to be directors.

4. Make public all the beneficiaries of the PIC money including asset management companies and the extent of the exposure

5. Suspend Steinhoff’s entire Board of Directors, including its newly appointed interim executive chairperson Christo Wiese, and its executive advisor Pieter Erasmus.

6. Report the matter to the Financial Services Board (FSB)

7. Do all that is necessary to bring to book Pravin Gordhan and Mcebisi Jonas for their role in the loss of over R12 billion in pension benefits.

BLF has also written to the Standing Commitee on Finance to convene an urgent hearing on the Steinhoff corruption saga. We are talking over R12 billion here!

BLF will also open a criminal case on Tuesday against the culprits based on a sworn affidavit. Jooste and his accomplices must account. An important thread running through the Steinhoff corruption is the role of former Minister of Finance Pravin Gordhan and his deputy Mcebisi Jonas. BLF is demanding transparency on how the two gave government funds to their friend Jayendra Naidoo. Gordhan and Jonas must be held responsible for the loss of over R12 billion of state funds and must pay part of the money back themselves.

BLF will also report the Steinhoff corruption to the Office of the Public Protector. We note how the white owned media has avoided putting the scandal of the more than R12 billion corruption by white monopoly capital on the front pages. We must take action because organisations like the Organisation Undoing Tax Abuse (OUTA), Save South Africa (Save SA); Corruption Watch and opposition parties in particular the Democratic Alliance (DA) and the Economic Freedom Fighters (EFF) who are agents of white monopoly are always covering up white corruption.

BLF won’t rest until justice is done!

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

11 December 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

 

BLF to take action against Steinhoff and Markus Jooste

BLF to take action against Steinhoff and Markus Jooste

Black First Land First (BLF) will take multiple actions against the corruption of Markus Jooste, the former Chief Executive Officer (CEO) of the discredited Steinhoff International (Steinhoff). BLF will also take action against all those who helped Jooste in his corrupt activities – from his deputy to the entire Board of Directors and to the auditing firm Deloitte that gave Steinhoff a clean audit thus clearing them of the corruption which in turn has cost government over R12 billion. This is the biggest scandal of the year.

BLF has already sent a letter this morning to the Minister of Finance, Malusi Gigaba, to amongst other things:

1. Probe probable contraventions of the provisions of finance regulations by the South African Revenue Services (SARS), PIC, auditors, chartered accountants and directors.

2. Report the auditing firm Deloitte to the Independent Regulatory Board for Auditors (IRBA).

3. Report all the directors of the board to the Institute of Directors (IoD) with a view to having the directors declared unfit to be directors.

4. Make public all the beneficiaries of the PIC money including asset management companies and the extent of the exposure

5. Suspend Steinhoff’s entire Board of Directors, including its newly appointed interim executive chairperson Christo Wiese, and its executive advisor Pieter Erasmus.

6. Report the matter to the Financial Services Board (FSB)

7. Do all that is necessary to bring to book Pravin Gordhan and Mcebisi Jonas for their role in the loss of over R12 billion in pension benefits.

BLF has also written to the Standing Commitee on Finance to convene an urgent hearing on the Steinhoff corruption saga. We are talking over R12 billion here!

BLF will also open a criminal case on Tuesday against the culprits based on a sworn affidavit. Jooste and his accomplices must account. An important thread running through the Steinhoff corruption is the role of former Minister of Finance Pravin Gordhan and his deputy Mcebisi Jonas. BLF is demanding transparency on how the two gave government funds to their friend Jayendra Naidoo. Gordhan and Jonas must be held responsible for the loss of over R12 billion of state funds and must pay part of the money back themselves.

BLF will also report the Steinhoff corruption to the Office of the Public Protector. We note how the white owned media has avoided putting the scandal of the more than R12 billion corruption by white monopoly capital on the front pages. We must take action because organisations like the Organisation Undoing Tax Abuse (OUTA), Save South Africa (Save SA); Corruption Watch and opposition parties in particular the Democratic Alliance (DA) and the Economic Freedom Fighters (EFF) who are agents of white monopoly are always covering up white corruption.

BLF won’t rest until justice is done!

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

11 December 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

Investec & Co, hands off SAA

Investec & Co, hands off SAA

Black First Land First (BLF) is appalled by the report that the major South African banks, including Investec – all of which are business partners of the former Minister of Finance Pravin Gordhan – are threatening economic terrorism against the South African Airways (SAA).

These banks, which serve as the economic arm of white monopoly capital (WMC) to ensure monopoly over our economy and state owned entities, are unleashing a reign of terror to undermine the powers of President Jacob Zuma to determine where SAA belongs within the state system.

Continue reading “Investec & Co, hands off SAA”

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