LUMKILE MONDI: Apart from a handful of rich elites, ANC has done nothing for black business
Black business has been on its own for the past 25 years, and it will remain on its own going forward as the ANC favours its own
They came from business as beneficiaries of the ANC tenderpreneurship model of business development, as bureaucrats in the government, or just as ordinary South Africans there to interact with the leaders at the ANC manifesto launch in Durban last weekend. Some were glued to their television screens and reminiscing that were it not for a lack of bravery to join the ANC they would also be on the gravy train. Others have realised that the ANC is a liability and has made them poorer by increasing VAT to 15% in 2018 and that the proposed 15% compounded annual electricity prices increases for the next three years will make them poorer still. Moreover, the ANC election manifesto is proposing to prescribe investments by taking private savings to prop up the failing state-owned enterprises that the ANC cadres have mismanaged by cutting deals with the Guptas, black businesses and black professionals, all of which will continue to unravel at the Zondo commission in the next few months. Unlike...
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