ANC does not want to concede that redistribution of wealth does not create prosperity
25 July 2019
Even after 25 years, the ANC has still not learnt that the redistribution of wealth does not create prosperity. Instead, it is an obstacle in the road to economic growth and it only leads to unemployment and poverty, which affects everyone.
Affirmative Action (AA) might as well be called Discriminatory Action as it is busy destroying the country's economy. It is important to uplift people, but not at the expense of others.
The policy of Black Economic Empowerment (BEE) only benefits a small black elite who are also redistributing already existing wealth among themselves without creating true prosperity.
Assets are handed out instead of promoting entrepreneurship and uplifting communities. Economic empowerment in South Africa must not be aimed at enriching certain individuals, but must focus on truly empowering communities.