Racial tensions continue to rise in SA

Cape Town, South Africa (PANA) - Another racial row has broken out between business leaders and the Youth League of South Africa’s ruling African National Congress (ANC).  

Former Chief Executive Officer of the Johannesburg Securities Exchange Russell Loubser sparked an outcry when he addressed students at the Wits School of Economic and Business Sciences on Wednesday.

Loubser said the ANC Youth League (ANCYL) and its former leader Julius Malema were racist, adding: ''Today’s ANCYL is not the ANCYL of Nelson Mandela, Walter Sisulu, Govan Mbeki and Oliver Tambo. The ANCYL of today is a disgrace and an embarrassment… it is a consumer of value and a destroyer of confidence.''

Loubser referred to the “constant emotional and brainless talk about nationalisation of the mines” and how that was destroying confidence in South Africa.

In a scathing reaction, the Youth League dismissed “with contempt” the comments made by Loubser.

In a statement, the league called Loubser “an uninformed and reckless loudhailer of the interests of white monopoly capital” and said that “no decent thinking human being with an IQ slightly higher than room temperature would dignify his ramblings with a response”.  

On Friday, the AfriForum organisation stepped into the fray, saying the ANCYL is defending its own extremism by making White people the enemy, “whilst poverty is supposed to be the enemy”.

"The ANCYL is constantly busy with wayward arguments about the economy, while hatred, racism and intimidation are the only methods that the ANCYL can use,” said Afriforum chairperson Charl Oberholzer.
-0- PANA CU/SEG 19Oct2012

19 october 2012 10:17:50




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