In this week’s episode of Editing Allowed Peter Bruce and the panel discussed the narrative of white monopoly capital as explored in the latest edition of the Financial Mail and more of the week’s news highlights. Deputy editor of the Financial Mail Sikonathi Mantshantsha said the bigger debate should be on how we can grow the economy for every citizen regardless of race. “The reality is that we have a very low growth economy which then takes money off people’s hands... The debate we should be having is how do we grow the cake for all of us. The fact that we have 23% black ownership means very little because that is money that is locked away or hidden in pension funds and retirement funds that’s not accessible to the people that need to be running and starting businesses with it.” With the majority of SA’s large industries being owned and run by white people, Peter Bruce asked whether it was possible to change this. Business Day editor Tim Cohen said the this would be very difficult...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.