By Udo W. Froese: non-institutionalised, independent political- and socio-economic analyst and published columnist, based in Johannesburg, South Africa.
One of the center points at the Codesa negotiations focused on the new South Africa’s Ministry of Finance and the Reserve Bank. The incoming ANC-led government was conned out of the country’s finances from the onset.
The international West’s covert backers of apartheid South Africa and their lobbyists advised the ANC leadership during the Codesa negotiations, that South Africa is not ready for the cabinet position of the Minister of Finance. Nor is it ready to deliver the Governor of the Reserve Bank.
Why would those interests con the ANC team? Was it not to retain their own people in those positions? It also meant that the new, democratically elected ANC government would not be in charge of the government’s finances. The incoming ANC would certainly be disempowered.
Retired non-executive director of the South African Reserve Bank, Stephen Goodson, sums up the misleading advice the ANC received from so-called bank-experts, “Although the Freedom Charter of 26 June 1955 states that the banks and monopoly industry shall be transferred to the ownership of the people as a whole, this was obviously little more than rhetoric. The African National Congress was obliged to accept the existing financial paradigm, as they were unaware of any other alternative.”
Regarding the foreign Western and local apartheid interests in South and Southern Africa, Stephen Goodson had this to say, “Big business, led by Rothschild point men, Harry Oppenheimer and Anthony Rupert, provided the main impetus for installing a Black puppet government, as it would greatly enhance their markets both, locally and overseas and particularly, in Africa. One of the first acts of the ANC-led government was to reduce company taxation by a third and to permit large corporations to relocate their head offices and assets overseas.”
A case in point is the transfer of the diamond stockpile of DeBeers. During recalled, former president Thabo Mbeki’s reign and with the full assistance of the Mbeki government, DeBeers transferred its stockpile from South Africa to London. South Africa was left the poorer.
“The ANC was set up at Codesa. They thought the country was being handed over to them on a platter. But, they were in fact just being used by big corporate interests,” Goodson further explains.
All efforts were made to bully the ANC into submission. “There was a media perception that tribal violence was putting the ANC under pressure. But, the script had been planned years before by the ‘Council on Foreign Relations’ (CFR) and other similar organisations,” Goodson alleges, based on his research. The CFR is a Washington based think-tank and publisher.
In the years during the negotiations at Codesa, the violence in South Africa’s black living areas was viciously increased. The weekly newspaper, “Mail & Guardian (M&G)” described that urban warfare as “black-on-black violence”, quickly taken over as such by the entire media. Years later, apartheid super-spy Craig Williamson admitted at the “Truth and Reconciliation Commission (TRC)”, that the apartheid Military Intelligence (MI) and its covert operations, Civil Cooperation Bureau (CCB), had orchestrated the urban warfare between the ANC and Inkatha.
Was the deal negotiated at Codesa then a non-deal in bad faith? Goodson sums it up, “The non-deal has created a situation of economic enslavement, which will persist way beyond 2022.”
“The banks continue to exploit the masses through usury and excessive taxation. The local cartel is an important cog of the international banking cartel.”
South Africa’s finance ministry seems to refuse to protect the nation against foreign meddling in the country’s finances and economy. The ratings agencies and their hit men are ever present, although they have yet to make their main strike (led by Finance Minister Pravin Gordhan) with the West’s International Monetary Fund (IMF) and its “restructuring plan”. The ratings agencies continue to wield undue influence with their often recklessly irresponsible assessments.”
Just like his predecessor, Trevor Manuel and the former Reserve Bank Governor Tito Mboweni, the unqualified Finance Minister Pravin Gordhan seems to have feet of smoldering ashes, not even clay. Is the incumbent resting his feet in criminal activities? Why did South Africa’s media and Gordhan’s network of backers attack the investigators, the NPA, when it investigated his activities?
Why is it conveniently overlooked that under Gordhan the West’s IMF will enter South Africa to dictate its “restructuring plan”? How would that affect South Africa’s BRICS membership?
Political analyst, Tshepo Kgadima, refers below to the following analysis of the ‘Financial Intelligence Centre Bill’, which was first published in ‘The New Age’ on 6 July 2016.
“A draconian bank bill might soon be signed into law, which would be equal to financial tyranny. The lack of awareness and publicity, the absence of public debate around the Financial Intelligence Centre Amendment Bill (FICAB) allows Gordhan to execute what he does with impunity.”
The FICAB provision terms “Risk Management and Compliance Programme”, transfers power and authority to pass punitive sanction such as closing of a bank account and/or termination of services, from a transparent independent judicial process into the hands of what is defined as accountable institutions, i.e. banks, insurers, auditors, lawyers.
Once, FICAB has been signed into law, there will be no fair reasoning between the banks and the account holders. In other words, people will be judged without any fair hearing. The majority of the population will have hardly any further access to capital, loans and other bank services.
If South Africans would be informed and able to participate in the debate about the banking cartel’s plans, structures and strategies, they would realise the frightening speed, “banking and financial institutions have gone ahead to profile and take punitive sanction of terminating services and closing bank accounts of clients using the new FICAB provisions.”
This draconian legislation will transfer absolute power and authority to the banking institutions, closing accounts of clients without transparent legal due process and recourse.
The above-mentioned is a form of financial anti-democratic destabilisation. In fact, FICAB would further lead to capital flight, attacks on the value of the Rand and massive bankruptcies.
Analysts and economists such as Tshepo Kgadima condemn the new FICA law as “financial tyranny and assault on the civil liberties, as enshrined in Chapter two of the Bill of Rights of the Constitution.”
It is hoped that President Zuma has been informed about the new FICAB bill and the suffering that FICAB would cause the majority of the population. It would be equal to rule of fear and terrorising the nation. Hopefully, President Zuma will not sign that draconian Amendment Bill into Law.
As a democratically elected head-of-state and commander-in-chief of the armed forces, it is President Zuma’s implicit duty to protect the nation. Local and foreign interests with their hidden agendas should not be able to dictate financial and economic policies.
In all fairness, it is important that the NPA investigates Gordhan and charges him. If the late, former President Nelson Mandela and the incumbent, President Jacob Zuma had their days in court, why should Gordhan not be tried? Is he above the law? The contrary is the case. He should be given the same space to defend, or hang himself. Is Gordhan immune to any investigations?
There are tens of thousands of highly qualified indigenous Black South Africans, who would be fit for Gordhan’s job. They are advocates, engineers, chartered accountants and scientists. What is Gordhan’s financial background? Who makes up his lobby group, guiding and protecting him? On whose authority is appointed Gordhan acting with impunity?
Why does it seem impossible for the ANC-led government to appoint a qualified finance minister outside the corporate banking cartel and its lobby groups, who understands the world of finance?
A solution could be to appoint a focused and respected financial guru, who would stay away from the West’s Bretton Woods Institutions. South Africa is a member of BRICS. The new minister of finance has to work with BRICS. A new finance minister would have to assist to decolonize South Africa and the SADC.
Twitter handle: @theotherafrika