Yunus Carrim allowed JSE to lie about black ownership

By BO Staff Writer Why did African National Congress Member of Parliament (ANC MP) and Chairperson of the Standing Committee on Finance, Yunus Carrim, allow the Johannesburg Stock Exchange (JSE) to lie to parliament about black ownership? This is the question many ask after the joint sitting of the finance and trade and industry portfolios …

READ: BLF’s FULL submission to the Parliamentary Standing Committee on Finance

By BO Staff Writer Today, the Black First Land First (BLF) movement submitted it’s contribution to the Parliamentary Standing Committee on Finance. In it’s submission the movement highlighted its ideas on the transformation of the financial sector and how to it wishes to “end white monopoly capital to ensure economic liberation of all.” The session …

Political parties react to banks collusion scandal: “white owned banks … are a criminal gang”

By BO Staff Writer Seventeen banks, which have been implicated in a corruption scandal involving fixing the prices of the rand, are a “criminal gang” which is “protected by the South African Reserve Bank (SARB) and Minister of Finance, Pravin Gordhan”, the Black First Land First (BLF) movement said in a statement this morning. The …

BLF national pickets against ABSA a huge success

By BO Staff Writer The Black Consciousness revolutionary movement, Black First Land First (BLF) held nationwide pickets yesterday against ABSA. The pickets were aimed firstly at raising awareness about how ABSA unlawfully gained from certain apartheid “life boats”. Secondly, the aim was to launch the movement’s rolling protest action against ABSA to force it to …