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Chris Hart reiterates he meant no harm with his infamous tweet

The economist received a backlash from South Africans after tweeting what was perceived racist.

Standard Bank economist, Chris Hart. Picture: Screengrab.
racism,Standard Bank,Chris Hart
Local Business

JOHANNESBURG - Former Standard Bank economist, Chris Hart, has reiterated that he did not mean any harm when he took to Twitter in January explaining that he was speaking in the context of unemployment in South Africa and an ailing economy.

The economist received a backlash from South Africans after tweeting:

He was suspended from the bank the next day and resigned yesterday.

Hart says the tweet was about the growing frustration among the poor in South Africa.

“The point is if you take a look at the stagnation of the economy, we’re seeing a lot of socio-economic issues. What I’m doing in the tweet is… I’m saying in the context of low growth, you can end up with a pressure cooker situation.”

LISTEN: Chris Hart opens up about controversial tweet and his resignation

He says he believes there would not have been such a reaction from South Africans - had it not been because of a tweet by Penny Sparrow and the upcoming local government elections.

“I do believe there’s two factors at play, one is Penny Sparrow and the other is the upcoming elections and the need for deflections away from service delivery, corruption and state of the economy.”

Earlier, he took to Twitter stating that he voluntarily decided to resign from the bank although he was not found guilty of any wrongdoing.

(Edited by Winnie Theletsane)

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