Discovery will soon find out that racial discrimination does not work
21 November 2018
Discovery's plan to allocate ten percent of its shares to black clients at no cost under the smoke screen of empowerment is nothing but blatant racism.
In essence, Discovery's idea to establish a new bank is a good one seeing as it will encourage competition in the banking industry. It is just a shame that this plan had to start off on the wrong, and racist, foot.
Discovery must not forget who its very first clients were and who helped the company to become a financial giant. Today, Discovery has clients of all races and backgrounds. All these people are important and play a role in ensuring Discovery's success.
To tell one group that their skin colour disqualifies them from obtaining free shares is simply immoral.