Author Topic: White control of business must end - Cyril Ramaphosa  (Read 3044 times)

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
White control of business must end - Cyril Ramaphosa
« on: March 24, 2016, 03:22:09 pm »
http://www.politicsweb.co.za/news-and-analysis/white-control-of-business-must-end--cyril-ramaphos

Johannesburg – Deputy President Cyril Ramaphosa has promised black business that government will spend billions on Broad-Based Black Economic Empowerment (BBBEE) in the coming years.
“We are going to intensify BBBEE. We are going to sharpen our teeth and determination when it comes to unemployment. We expect that our black industrialists will have up to R24 billion made available to them to redefine the way business is done in our country,” he said at an ANC summit for academics and professionals in Johannesburg on Wednesday night.
Ramaphosa encouraged black business to bring their ideas to the ANC. He then asked them to open their wallets to support the party's local government elections campaign.
Ramaphosa said the time of white business monopolies was over. Government was hell-bent on making sure blacks owned and managed the economy.
“For far too long this economy has been owned and controlled by white people. That must come to end. For far too long, this economy has been managed by white people. That must come to an end.
"Those who don’t like this idea - tough for you. That is how we are proceeding,” he said.
Ramaphosa said government was obsessed with empowering black South Africans.
"In some cases we have become fanatical about it. It is in this area that we know we will be able to plant seeds of further economic growth in our country,” Ramaphosa said.
The ANC’s relations with business and academics were essential to speeding up the party's efforts to change the country. Academics and professionals had started the ANC and had been agents of change during the country's history, he said.

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: White control of business must end - Cyril Ramaphosa
« Reply #1 on: March 24, 2016, 03:42:11 pm »
I wonder whether those remarks will hit the Rand once assimilated by overseas markets ?

A JZ clone, if he becomes Pres.  :'(

Mr_Dividend

  • Hero Member
  • *****
  • Posts: 581
  • Karma: +21/-0
    • View Profile
Re: White control of business must end - Cyril Ramaphosa
« Reply #2 on: March 25, 2016, 06:56:25 am »
Yup - worrying. Do they think overseas investors want to hear Zimbo type rhetoric over here? And is always amazes me how a multi - multi millionare can tell his followers why they are all (including himself) oppressed, with a straight face. Seizing white property/business will come, eventually - in one of it's many guises. Because in africa, it's easier to find a scapegoat than to find solutions. We were naive to think SA would be any different.

Need to get ass and assets out  :D

gcr

  • Hero Member
  • *****
  • Posts: 974
  • Karma: +27/-1
    • View Profile
Re: White control of business must end - Cyril Ramaphosa
« Reply #3 on: March 25, 2016, 09:17:08 am »
I posted a response on Moneyweb on this article, due Cyril the squirrels comments.
It seems that the majority of the population has this view that they are entitled to the riches of this country by sitting on their hands and waiting for the handouts. This stupid expectation of course has been aided and abetted by the illustrious ANC whose rhetoric was free education, housing and jobs made in heaven. The illusion has been kept alive by the ANC and now this is coming back to haunt them as there is no money for free education and jobs hard to create through a poor economic policies and avarice for what the white owners/mangers have achieved. The unfortunate reality is that there is no fast track to success and wealth - compare the Ackermans, Ruperts, Weise's, Joffe's of the country and consider how long it took them to amass substantial wealth - then compare them to the Motsepe's, Ramaphosa's and a host od other wealthy blacks whose extradionary wealth has come form little effort, hardship or just simple hard work to accumulate their wealth. Are these families wealthy - yes in monetary terms, but, in sheer business acumen, astute management then they are dirt poor. There are two blacks who I believe have broken the mould and achieved greatness (both of whom I have met) Richard Maponya and Herman Mashaba, undoubtedly there are others who have proven to be successful but they all demonstrate some very simple attributes - they don't shy away from hard work, they are not overtly outspoken about their wealth, they are shrewd business opportunity seekers, and don't give up when the going gets tough.
The squirrel if he does become president will be a disaster for this country as it is evident all his speeches and utterances are the product of a very destructive political party who have no will to make this country great. I always remember attending Clem Sunters high road, low road lectures - what the ANC has chosen is the low road and a massive mindset change is required to get us back on the high road
Rant over   
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Mr_Dividend

  • Hero Member
  • *****
  • Posts: 581
  • Karma: +21/-0
    • View Profile
Re: White control of business must end - Cyril Ramaphosa
« Reply #4 on: March 25, 2016, 02:27:17 pm »
Could be wrong, but I heard Patrice's fortune is pretty much self made?

Couple of others others. Sbu Shabalala (started adaptIT)  and the Business Connection brothers.

gcr

  • Hero Member
  • *****
  • Posts: 974
  • Karma: +27/-1
    • View Profile
Re: White control of business must end - Cyril Ramaphosa
« Reply #5 on: March 25, 2016, 04:10:43 pm »
Could be wrong, but I heard Patrice's fortune is pretty much self made?

Couple of others others. Sbu Shabalala (started adaptIT)  and the Business Connection brothers.
Patrice started buying up gold mines in 1997 through a company he called African Rainbow Minerals, mines had to have a 26% BEE component before a mining license was granted - he made his money through BEE
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Mr_Dividend

  • Hero Member
  • *****
  • Posts: 581
  • Karma: +21/-0
    • View Profile
Re: White control of business must end - Cyril Ramaphosa
« Reply #6 on: March 25, 2016, 04:52:48 pm »
Could be wrong, but I heard Patrice's fortune is pretty much self made?

Couple of others others. Sbu Shabalala (started adaptIT)  and the Business Connection brothers.
Patrice started buying up gold mines in 1997 through a company he called African Rainbow Minerals, mines had to have a 26% BEE component before a mining license was granted - he made his money through BEE

Sorry, disagree with you. He started the business from the ground up after seeing an opportunity. He didn't get a tender for it/ nether did he take part of an existing business. Kudo's to him - need more guys like him.

gcr

  • Hero Member
  • *****
  • Posts: 974
  • Karma: +27/-1
    • View Profile
Re: White control of business must end - Cyril Ramaphosa
« Reply #7 on: March 26, 2016, 02:12:19 pm »
Could be wrong, but I heard Patrice's fortune is pretty much self made?

Couple of others others. Sbu Shabalala (started adaptIT)  and the Business Connection brothers.
Patrice started buying up gold mines in 1997 through a company he called African Rainbow Minerals, mines had to have a 26% BEE component before a mining license was granted - he made his money through BEE

Sorry, disagree with you. He started the business from the ground up after seeing an opportunity. He didn't get a tender for it/ nether did he take part of an existing business. Kudo's to him - need more guys like him.
Maybe read Patrice Motsepe: a rare success story penned by Franz Wild and Mike Cohen, Bloomberg on 24 July 2013 - you are more than welcome to draw your own conclusions
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein