Traders are waiting for Iran’s response to a nuclear deal proposal that could raise the country’s exports
This system aims to find the right balance to help members save for retirement while allowing flexibility for short-term needs
Kopane says the DA no longer serves her political interests
Voting for the top five positions of the provincial leadership continued late into Sunday evening
Former CEO Mike Metz stepped down from the helm on his 65th birthday, but will stay on in an advisory capacity
An employee at the Kruger National Park opened a case at the Skukuza police station in Mpumalanga
Experts warn that some migrants struggling with digital systems could turn to informal arrangements, leaving them vulnerable to abuse
Reece James seemed to have sealed the points for the hosts with a 77th-minute goal, but the striker scored in stoppage time
Porsche Taycan Turbo S laps the famous German circuit in seven minutes and 33 seconds
Well meaning but inane arguments often appear in the comment and letters columns saying transformation in the private sector is too slow. This typically concludes with “the carrot hasn’t worked — use the stick”.
Full transformation would of course constitute black people’s participation in the economy in alignment with demography. It is an admirable goal. However, the implied assumption that private sector transformation (which is in fact steadily moving ahead) should match that of the state sector is simply nonsense.
Many of the major state enterprises suffered disastrously rapid transformation and are now on life support. Surely it should be evident that the effect of 300 years of discrimination cannot be extinguished in 30 years?
The ethos and related experience conducive to effective functioning in the economy takes generations to acquire. No amount of political hectoring can achieve this in one generation.
Willem Cronje, Cape Town
JOIN THE DISCUSSION: Send us an email with your comments to email@example.com. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.