Racism in banks ANC listens to black business

Racism in banks ANC listens to black business

12 June 2000

ANC Western Cape Leader Ebrahim Rasool will tomorrow visit black businesses in Athlone to listen to their experiences of racism in the banking sector.

Businesses in Athlone Industria will give Mr Rasool a first hand account of their experiences that many black small and medium enterprises encounter when dealing with the banks.

Since the ANC announced its Civil Rights Campaign aginst Racism in the Western Cape, Mr Rasool has received a deluge of complaints from black business about difficulties they experience in accessing finance due to factors such as geographic location. Most areas which are "red-lined" are in historically Coloured and African areas.

One such person is Mr Joe Ludski who owns Ludski and Sons Service Centre. He has invited businesspeople from Athlone Industria to his business number 9 to 11 Reen Road, Athlone Industria at 12h30 tommorrow (Tuesday 13 June).

The ANC`s provincial leader will be accompanied by ANC MPL`s Tasneem Essop and Garth Strachan who are Spokespersons on Business Promotion and Finance respectively.

The ANC will also closely monitor the public hearings on "small business and the banking sector" which will be held on Wednesday 14 June in the National Assembly.

These events are happening at a time when the South Cape Empowerment Network and the Black Economic caucus of Knysna and the George ANC have filed official complaints with the Human Rights Commission in which they accuse commercial banks and Business partners (formerly Small Business Development Corporation) of racism and unfair lending practices.

The ANC at a provincial level has written to the HRC requesting them to consider calling public hearings on racism in the banking sector.

Issued by ANC Western Cape Communications

For further details on the campaign call Tasneem Essop ANC MPL on 082-258-8732 or 483-3846.

For any media enquiries, contact:
Cameron Dugmore, Head of Communications: 082-894-7553, or
Gert Witbooi, Provincial Media Officer: 082-570-9118.