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The former JSE CEO and ex-South African Airways board member Russell Loubser held back no punches when he delivered a scathing attack on Julius Malema and the ANCYL in a public lecture at Wits University.
Loubser, Visiting Adjunct Professor at the Wits School of Economic and Business Sciences (SEBS), told students that Malema and the ANCYL are racist, greedy and a disgrace and embarrassment for the country. He also lambasted the country’s leadership for their failure to bring the Youth League to order.
Loubser also said the Marikana massacre “should come as no surprise to anyone and won’t be the last either”.
The Wits90 Lecture, entitled No guarantees, but many opportunities, was hosted by the School of Economic and Business Sciences (SEBS).
Loubser became executive president of the JSE Limited in 1997 and after the restructuring of the JSE he was appointed as the CEO in December 2000. As CEO he was responsible for the fundamental strategic repositioning of the JSE, including its pioneering agreements with the London Stock Exchange and FTSE as well as the acquisition of the South African Futures Exchange (SAFEX) by the JSE.
Loubser is a qualified Chartered Accountant and holds a MCom in Statistics from the University of Pretoria where he is also an Extraordinary Professor in Mercantile Law. He is a member of the King Committee on Corporate Governance and serves on the Board of Directors of the World Federation of Exchanges.