Reports: Standard Bank's Chris Hart has resigned
Earlier this year, Standard Bank suspended the economist pending an inquiry into a racist Tweet.
JOHANNESBURG - Local media is reporting that Standard Bank economist, Chris Hart, has resigned.
Earlier this year, Standard Bank suspended Hart pending an inquiry into a racist Tweet.
Hart tweeted that 'More than 25 years after Apartheid ended, the victims are increasing along with a sense of entitlement and hatred towards minorities…'
More than 25 years after Apartheid ended, the victims are increasing along with a sense of entitlement and hatred towards minorities….
- Chris Hart (@chrishartZA) January 3, 2016
The bank had also distanced itself from the comments made by the economist.
- Standard Bank SA (@StandardBankZA) January 4, 2016
Standard Bank's Chief Executive Officer, Sim Tshabalala, weighed in in a note to staff, which was published in the 'Rand Daily Mail' following Hart's suspension.
"Black South Africans are in fact fully entitled to a decent quality of life and to redress for apartheid. To suggest that this means that they are 'entitled' in the negative sense is simply wrong and often amounts to racism."
*Editor's note: Standard Bank has since confirmed Hart has "left the employ of the bank".