The outcome of this battle will have far-reaching implications for all transformed businesses in South Africa, and Sekunjalo is ready to lead the charge in securing fair and equitable access to the country’s financial system.
Published 7h agoIn the wake of the recent ruling by the Constitutional Court on an interdict, which is an interim order to keep Sekunjalo ’s accounts open, it is important to note that the Court has not yet ruled on theagainst Nedbank , which still needs to be heard. The Sekunjalo Group, a black-owned conglomerate committed to transformation, remains resolute in its fight for justice against the discriminatory practices of South Africa n banks, particularly Nedbank .
Sekunjalo has been the target of what can only be described as a coordinated smear campaign of reputational sabotage, led by apartheid-era oligarchs, their media allies, propaganda journalists and certain banks. These groups have sought to undermine Sekunjalo's position as a leading black-owned business in South Africa’s economy. Central to this campaign is the false narrative, propagandist like Karyn Maughan, that the Constitutional Court case is the main case.
In fact, the Western Cape Equality Court previously ruled in Sekunjalo’s favour, with Judge Mokgoatji Dolamo noting that Nedbank had failed to provide proof of reputational harm. Dolamo emphasised that without concrete evidence of such risk, closing Sekunjalo’s accounts was unjustified.
It is worth noting that Sekunjalo’s primary concern in this case is not just about their right to operate, but also about the broader implications for all black-owned businesses in South Africa. The group’s fight is emblematic of a larger struggle against the apartheid-era structures that continue to dominate the country’s economy and financial institutions.
Sekunjalo Nedbank South Africa Constitutional Court Righttobank
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