At last, a positive development has sprung from the negativism that has engulfed the country since white monopoly capital became a whipping boy for the mess SA is in, fuelled by a dangerous alliance of populists bent on stirring up racial animosity and chaos. Business Leadership SA (BLSA), which represents 80 of the largest companies on the JSE and is arguably the closest thing we have today to what remains of "white monopoly capitalism", has decided that it is time to stand up for capitalism and show how it can change SA positively. On Wednesday, it launched its "Contract with SA" in which it promised to create jobs and grow the economy; promote black leadership; invest in South Africans; invest in communities; support small business; and root out corruption, particularly in its own ranks. It is a very good development. In the past, this sort of initiative has been a joint one by the three social partners — the government, business and labour — in which each partner offered somethi...

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