Standard Bank says it will take disciplinary action against economist, Chris Hart, following a post he made on social media site Twitter, on Sunday, which was deemed to be racist.<\/p>\n
On Sunday, Hart wrote: \u201cMore than 25 years after Apartheid ended, the victims are increasing along with a sense of entitlement and hatred towards minorities\u2026\u201d<\/p>\n
The tweet drew strong criticism, with users calling on Standard Bank to take action against the respected economist.<\/p>\n
Hart later apologised: “This tweet has caused offense – never intended for which I apologize wholeheartedly. Meant to be read in context of slow growth.”<\/p>\n
On Monday Standard Bank released the following statement:<\/p>\n
\u201cStandard Bank Group distances itself from comments made by Chris Hart on Twitter on 3 January 2016. The comments made by him are factually incorrect, make inappropriate assumptions about South Africa and have racist undertones,\u201d the bank said in a statement.<\/p><\/blockquote>\n
The bank further tweeted:<\/p>\n
“We do not endorse comments made by @chrishartZA yesterday<\/p>\n
“Comments by @chrishartZA yesterday are factually incorrect and have racist undertones that do not reflect our values<\/p>\n
“We will be instituting appropriate internal disciplinary processes against @chrishartZA.”<\/p><\/blockquote>\n
More on Standard Bank<\/h3>\n
Racism is alive and well in South Africa<\/a><\/strong><\/p>\n