Let’s stop pussyfooting around this issue of demographic representation, whether it be ownership of gold, platinum, manganese, coal or whatever mines, or banks, retail chains, property developers and so on.
If my fading memory serves, roughly 80% of our citizens are black while coloureds and whites make up some 9% each and Indians, who probably enjoy the highest individual wealth of the lot, the balance of about 2%.
Why then does our noble ruling party mess about with 26% targets on mines? Go for broke, chaps. Let’s introduce western investors to the reality of African communism.
What did they think we meant when we ordered them to hand 26% of their shares to certain of our friends plus our brothers and sisters working for them? What possessed these supposedly astute whiteys to think that that was where we would stop?
Did they really believe we meant once-empowered, always empowered? Give us a break. That was only the start.
This stuff will go on until our black majority has 80% of all the shares in all the businesses in the country. And the media can warn about foreign disinvestment until they are blue in the face. Or maybe white.