Sokutu sorry for ‘f*** the poor’ remark

African Bank Investment Limited and their furnusher retail store ellerines in Johannesburg CBD.photo by Simphiwe Mbokazi 453

African Bank Investment Limited and their furnusher retail store ellerines in Johannesburg CBD.photo by Simphiwe Mbokazi 453

Published Sep 14, 2014

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Johannesburg - Former head of risk at African Bank, Tami Sokutu has apologised for his previous “f**k the poor” remark, the Sunday Times reported.

Nearly, a month after Sokutu made his infamous remark in the wake of the bank's collapse - largely from bad debt - he issued a letter of apology.

“I'm writing to reiterate my apology to all African Bank stakeholders - customers, staff, investors, shareholders and the board - for the hurt I've caused them through my remarks,” he said in a letter to the Sunday Times.

Sokutu said that his previous interview with the newspaper “gave the impression that I don't care about the millions of poor South Africans who've lost money as a result of the current problems facing African bank”.

Sokutu was previously quoted in the newspaper as repeating: “F*** them, f*** them” in relation to people who had obtained loans but could not afford to repay them.

These people had been listed as bad credit risks.

Sokutu - who has apparently made more than R50 million in share options and R35 million in salary and bonuses - officially left African Bank Investments Limited (Abil) in February this year.

The bank was placed under curatorship last month.

Sapa

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