LETTER: Resenting whites will make things worse
Expropriation without compensation is nothing but an attempt to exact apartheid reparations
Finance Minister Tito Mboweni said in his medium-term budget policy speech that SA is at a growth crossroads. The country’s debt service costs are growing exponentially. What is needed is policy certainty and confidence. SA’s economy should be growing above global averages. The problem is that the major asset is being discarded — the immense skills base generated in the white community during centuries of colonial discrimination and apartheid. This is referred to in the National Development Plan as “deep reserves of human and social capital”. Instead of welcoming this wealth of skills, the political ethos is focused on white reparations. Expropriation without compensation is nothing but an attempt to exact apartheid reparations. The misguided attempt to exact reparations on Germany after the First World War generated almost nothing — but spawned Adolf Hitler and the Second World War. The political mood among the majority can be characterised as resentment (of whites), entitlement an...
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