Business must repent for past role and start campaign to repair SA
Economy will continue to flounder without honest reflection and genuine commitment to tackle inequality
Somewhat unusually, I want at the outset to be clear on what this article is not. It is not a defence of those who have characterised the South African economy as being controlled by "white monopoly capital". That agenda is clearly being used to loot our country and undermine the economic and social institutions that stand in their way. The article is also not an unwarranted attack on the business community. Rather, it is a reflection on the challenges facing business in SA and an attempt to consider why it has been so easy for opportunistic looters to use the white monopoly capital characterisation to attack business, and how business should respond. It is important for us to recognise that, whatever its historical roots, business will have to play an instrumental role to grow our economy so we can realise the vision of the country that is captured in our Constitution. Twenty-three years after SA became free, and despite a body of progressive labour legislation, significant social ...