TRANSFORMATION
CAROL PATON: We must be brave and talk about white monopoly capitalism
Last Tuesday, I was invited to sit on a panel discussion hosted by the Society, Work and Development Institute on the mining industry and transformation. To draw the crowds the organisers titled the event, White monopoly capitalism vs radical economic transformation: the case of the mining industry. The session was intended to give researcher Duma Gqubule the opportunity to present his work evaluating the Mining Charter and his vision for a transformed mining industry. The organisers added another drawcard: along with myself from Business Day, the EFF’s national spokesman, Mbuyiseni Ndlozi (also known as the People’s Bae), was asked to respond. The crowds came. The venue was packed. The stage was set for WMC vs RET. Gqubule’s work is interesting and worth further discussion. He analyses black ownership of the mining industry and finds that after stripping from black economic empowerment (BEE) transactions, the "non-BEE shareholders", black ownership stood at 9.6% at the end of 2014....
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.