By Gwede Mantashe’s measure, the party has a crude take on trade and investment
27 January 2022 - 15:02
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If the question mineral resources & energy minister Gwede Mantashe claims he always asks when new deals are presented to him — “how many black capitalists have you produced with this deal?” — is anything to go by, one has to wonder if there is any meaningful interaction between serious investors (both local and foreign) and top ANC officials.
If there is, Mantashe is certainly not listening, and logically why would any international investor be remotely interested in developing a black capitalist? For the ANC it may be acceptable to get money for nothing, but in the real world of international investment this does not happen. Obviously Mantashe hasn’t been told this.
Ian Ferguson Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: How many ANC leaders understand business?
By Gwede Mantashe’s measure, the party has a crude take on trade and investment
Peter Bruce’s latest column refers (“If the guys at the wheel don’t understand their jobs, expect a crash”, January 26).
If the question mineral resources & energy minister Gwede Mantashe claims he always asks when new deals are presented to him — “how many black capitalists have you produced with this deal?” — is anything to go by, one has to wonder if there is any meaningful interaction between serious investors (both local and foreign) and top ANC officials.
If there is, Mantashe is certainly not listening, and logically why would any international investor be remotely interested in developing a black capitalist? For the ANC it may be acceptable to get money for nothing, but in the real world of international investment this does not happen. Obviously Mantashe hasn’t been told this.
Ian Ferguson
Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
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