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 welcomes actions of Hawks against Pravin Gordhan, Trevor Manuel & Jabu Moleketi

BLF welcomes actions of Hawks against Pravin Gordhan, Trevor Manuel & Jabu Moleketi

Black First Land First (BLF) has consistently said that Pravin Gordhan is the mastermind of corruption and the facilitator of state capture in the interests of white monopoly capital.

Our movement has opened several criminal cases against both Pravin Gordahn and Trevor Manuel. The nation must remember that Pravin Gordhan is directly implicated in the R4.3 billion corruption in Treasury under his own watch. Before this, year after year, people like Trevor Manuel had allowed white monopoly capital to loot the nation annually of R60billion via the illicit movement of money out of the country.

We also now know that all the banks that Pravin Gordhan has shares in are implicated in corruption as found by the Competition Commission. The Rogue Unit established at the South African Revenue Services (SARS) under Pravin Gordhan’s guidance and which was funded by Trevor Manuel through state or tax payers money, was effectively an attempt to create a state within a state. This mechanism – the Rogue Unit – was a looting arm employed by Pravin Gordahn and his friend, Trevor Manuel, to systematise corruption in the interests of white monopoly capital. It was established to terrorise opponents of white monopoly capital.

BLF calls on the Hawks to also speed up all the other criminal charges laid against Pravin Gordahn and Trevor Manuel so that they can be prosecuted to the full extent of the law. We call upon Jabu Moleketi to avail himself as a state witness so that he does not suffer for things he does not know anything about. To this end the beneficiaries (insofar as being guardians) of the looting by white monopoly capital are principally Pravin Gordhan and Trevor Manuel. We applaud the Hawks for taking the bold stand and we encourage them to complete their work without fear, favour or prejudice.
Issued by the National Coordinating Committee of Black First Land First (BLF NCC)

1 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
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