Robben Island to Wall Street

53

The African Bank

$QRWKHU VXFFHVV VWRU\ ZDV WKDW RI D JURXS RI KDLU FDUH H[SHUWV ZKR KDG HDUOLHU DSSURDFKHG XV WR ¿QDQFH WKHLU PDQXIDFWXULQJ IDFLOLWLHV WR SURGXFH KDLU FRVPHWLFV , KDG VHHQ KRZ WKLV LQGXVWU\ KDG ÀRXULVKHG LQ WKH 86$ ,W GLG QRW WDNH PXFK FRQYLQFLQJ WR DSSURYH D OLQH RI FUHGLW ZLWK PLQLPXP JXDUDQWHHV 0DQDVH 6KROH 0RV 7DX DQG /XFN\ 1NRVL¶V EXVLQHVV SURGXFHG HQRXJK SURGXFWV IRU WKHLU UHWDLO PDUNHW DQG WKH\ EHFDPH RQH RI WKH ¿UVW PDQXIDFWXULQJ HQWLWLHV LQ 6RZHWR 1HHGOHVV WR VD\ WKH ORDQ ZDV UHSDLG RQ WLPH DQG WKHLU EXVLQHVV WKULYHG LQ D IDVW JURZLQJ PXOWLPLOOLRQ UDQG LQGXVWU\ ,W LV WKHVH NLQGV RI SDUWQHUVKLSV WKDW HDUQHG XV JRRGZLOO DQG DOORZHG XV WR SHQHWUDWH WKH PDUNHW ZKLOH HQKDQFLQJ WKH LPDJH RI WKH EDQN ZKLFK KDG EHHQ VHYHUHO\ GDPDJHG E\ WKH IRUHLJQ H[FKDQJH VFDQGDO 1RWZLWKVWDQGLQJ DOO WKHVH VXFFHVVHV ZH FRQWLQXHG WR JUDSSOH ZLWK RXU ORDQ UHFRYHU\ H൵RUWV SULPDULO\ GXH WR DQ RXWGDWHG FRPSXWHU WUDFNLQJ V\VWHP $ ZHOO NQRZQ VRFLDOLWH RQFH WROG PH WKDW KH ZRXOG QRW ERWKHU WR VHUYLFH KLV GHEW ZLWK WKH EDQN EHFDXVH RI RXU FRUUXSWHG LQIRUPDWLRQ V\VWHPV +H ZDV ULJKW DQG PDQ\ RWKHU FXVWRPHUV WRRN DGYDQWDJH RI WKLV ZHDNQHVV LQ ZLWKKROGLQJ SD\PHQWV 7U\LQJ WR UHFRQFLOH RXU GHEW ERRN ZDV D QLJKWPDUH IRU RXU DXGLWRUV :KDW FRPSRXQGHG RXU SUREOHPV RI ORDQ UHFRYHU\ ZDV WKDW VRPH RI WKH EDQN¶V GLUHFWRUV ZHUH DOVR LQGHEWHG WR WKH LQVWLWXWLRQ DQG WKLV GLG QRW JR GRZQ ZHOO ZLWK VRPH RI WKH FXVWRPHUV DQG WKH JHQHUDO SXEOLF %HFDXVH RI WKH SUR¿OH , FDUULHG , UHFHLYHG QXPHURXV LQYLWDWLRQV WR DGGUHVV YDULRXV LQWHUHVW JURXSV )URPP\ XQGHUVWDQGLQJ RI EXVLQHVV , IHOW DQG SUHDFKHG WKDW IRU XV WR VXFFHHG ZH QHHGHG WR KDYH RXU RZQ UHVRXUFHV ZKLFK ZH FRQWUROOHG RXUVHOYHV , VDZ EODFN EXVLQHVV SRWHQWLDO WKDW UHPDLQHG XQWDSSHG ZKDW , FDOOHG µWKH VOHHSLQJ JLDQW¶ , IHOW WKDW LQ VSLWH RI WKH WUHPHQGRXV RGGV WKDW IDFHG XV LQ EXVLQHVV ZH QHHGHG WR OLQN RXU YDULRXV IRUPV RI VWUXJJOH ZLWK HFRQRPLF HPSRZHUPHQW 7KHUHIRUH ZKHQHYHU , ZDV DVNHG WR VSHDN P\ WKHPH ZRXOG EH WKDW WKH HFRQRPLF GHYHORSPHQW IRU RXU SHRSOH VKRXOG QRW EH GHIHUUHG WR WKH SRVW DSDUWKHLG HUD ,W EHFDPH FOHDU WR PH WKHQ WKDW WKH HQYLVDJHG SROLWLFDO FKDQJH ZH ZHUH ¿JKWLQJ IRU ZRXOG EH LQFRPSOHWH LI ZH GLVUHJDUGHG WKH IDFW WKDW QDWLRQDO LQFRPH ZRXOG VWLOO UHPDLQ XQHYHQO\ GLVWULEXWHG , ZDV PDNLQJ EROG DQG VRPHWLPHV SURYRFDWLYH VWDWHPHQWV ZKLFK ZHUH ZLGHO\ UHSRUWHG LQ WKH QDWLRQDO DQG RIWHQ LQWHUQDWLRQDO PHGLD 'XULQJ WKDW WLPH WKH Wall Street Journal SUR¿OHG PH DQG WKH ODWH *RGIUH\ 0RORL DV RSHQO\ GH¿DQW RI EXVLQHVV UHVWULFWLRQV LPSRVHG E\ WKH DSDUWKHLG JRYHUQPHQW $URXQG WKH VDPH WLPH The London Times UDQ D VHULHV RI DUWLFOHV RQ ZKDW WKH\ WHUPHG WKH 6RXWK $IULFDQ 5HYROXWLRQ ZKHUH , ZDV VLQJOHG RXW DV RQH RI D QXPEHU RI EODFN $IULFDQV DJLWDWLQJ IRU DQ LPSURYHG OLIHVW\OH IRU GLVHQIUDQFKLVHG SHRSOH 6RPHWLPHV DW KRPH P\ ZLIH ZRXOG FDXWLRQ µ\RX PXVW EH FDUHIXO RI WKH WKLQJV \RX¶UH VD\LQJ ¶ 0\ DSSHDO IRU FDSLWDO DQG VNLOOV IRU WKH $IULFDQ %DQN KDG D OLPLWHG UHVSRQVH DQG WKLV LQ WXUQ GHOD\HG GHYHORSPHQW DQG JURZWK $IWHU NQRFNLQJ RQ D QXPEHU RI GRRUV WKH 86$ $JHQF\ IRU ,QWHUQDWLRQDO $LG R൶FH LQ 3UHWRULD FRQWDFWHG P\ R൶FH IRU D

Made with FlippingBook - Online catalogs