Fin24

Gigaba: High price to pay for inequality

2012-11-13 09:39

Johannesburg - There is a high price to pay for social inequalities, Public Enterprises Minister Malusi Gigaba said on Tuesday.

"We must make the necessary strides towards inclusive growth and development," Gigaba said at a business breakfast in Fourways.

"The political and economic systems must be fair, reputable and promote social justice and inclusion. We all realise that there is a high price to be paid for inequality and it is a social curse that we will bear heavily if nothing is done."

Gigaba said greed should not play a role in development.

The government established a presidential infrastructure coordinating commission to correct government and market failures, by coordinating allocation of resources in growth-enhancing sectors of the economy.

The country would not realise meaningful social and economic justice if capital was not allocated.

Gigaba said national economic recovery would only be achieved if all social partners worked together.

"Government has mobilised all relevant stakeholders... to respond to the immediate challenges associated with the global economic crisis and to build South Africa's future economy," Gigaba said.
 

Comments
  • bennie.kruger.5 - 2012-11-13 09:57

    If we can get this waiting for "someone to give us" mentality out of the previously disadvantaged head. then just maybe entrepreneurial spirit will start taking its course.

  • Montagnes.Bleues - 2012-11-13 09:59

    Gigaba, have you slashed you obese salary by 75% yet?

  • werner.nel.712 - 2012-11-13 10:00

    Like demolishing good homes....and then send the rebuild out to Comrade tender!

  • vaughan.lund - 2012-11-13 10:04

    That's rich coming from a minister who's department props up companies like SAA with tax money causing companies like 1Time to go bust loosing the economy vital jobs.

  • Ruca - 2012-11-13 10:06

    Big words from somebody who's party is responsible for stealing 1/3 of the countries tax income, money that could otherwise have been used in projects to uplift the poor and feed the hungry.

  • mshiniboys - 2012-11-13 10:08

    The political and economic systems must be fair, reputable and promote social justice and inclusion. We all realise that there is a high price to be paid for inequality and it is a social curse that we will bear heavily if nothing is done." This statement is the ANC election anthem since 1994.I am not flattered by these romantic statements.

  • gazaspells - 2012-11-13 10:08

    root out corruption, reducve the cost of doing business, prioritise entrepreneurship, root our tender-entrepreneurship and fix the education system and in the next 10-20 years , south africa will be one of the world economic powerhouses.

  • katleho.mdlalose - 2012-11-13 10:17

    Inequality is a sad product of the apartheid era. Both the advantaged and disadvantaged must work together so we can rid our country of this evil.

      BigChiefPlumbPudding - 2012-11-13 10:20

      Rubbish - wake up. Inequality doesn't exist any more. It's been long gone, even before 1994. The playing field is biased towards Blacks not Whites, and has been for many years.

      introspector.smith - 2012-11-13 10:28

      You have to admin that there was already inequality the day Van Riebeeck stepped onto South African soil. Before that there were probably equality - everyone were equally poor and uneducated. Apartheid cannot be morally justified, but the essence of the problem is that those that have, have to pull up those that don't. It cannot be achieved the other way round.

      marthinus.erasmus.98 - 2012-11-13 10:39

      Inequality is a sad product of incompetance....

      introspector.smith - 2012-11-13 10:47

      Inequality definitely exists, as described by the Gini coefficient. It is a different argument to talk about how inequality should or shouldn't be addressed. http://en.wikipedia.org/wiki/Gini_coefficient

      katleho.mdlalose - 2012-11-13 10:47

      Oh please 'bigchi....', clearly you do not understand inequality. Long gone? What rubbish, all you have to do is look at the Sandtons and Cliftons of the world and compare that to the Khayalitsha and Alexandra's of the world. @Introspector, inequality has been around for a very long time, i admit but the reality is, it was accelerated by the apartheid system...i like that you admit that 'those that have, have to pull up those that don't'. @Marthinus, incompence of who? inequality is a result of greed and the oppression of another, which is still going on today.

      introspector.smith - 2012-11-13 11:20

      @katleho - So who did you oppress to be able to have a computer with internet access? This is exactly the problem: Mixing of issues and confusing the solutions. If I "have" because of greed, why do you "have"? Why does Denmark and Sweden "have"?

      Desilusionada - 2012-11-13 12:04

      "national economic recovery would only be achieved if all social partners worked together." How when AA/EE/BBBEE prevents that? The most experienced and business savvy well available in Africa, but untapped because some political idiot wants to stay in power by playing the race card....

      craig.thom.376 - 2012-11-13 14:03

      inequality exists in all countries,you cannot blame it solely on a system,for example(an extreme) Brazil,I challenge you to show me a country where it does not exist

  • neville.watson.94 - 2012-11-13 10:18

    You already pay a high price for Zumas palace while the poor stay poor, How dare you speak about inequality, you don't have to look far but in your own party

  • BigChiefPlumbPudding - 2012-11-13 10:18

    What? What has this puppet actually said? Nothing, as usual.

      stephan.dallapria - 2012-11-13 10:34

      Nought, they mos get paid to wear suits, spout some old and tired cliche rhetoric from the worn-out ANC speech book and polish the buffet before retiring to their five-star hotel rooms where they desecrate the linen with one of an assortment of mistresses. The struggle, she must go on as long as it pays being "revolutionary".

  • denny.cray - 2012-11-13 10:24

    Do we really want a (even more) state planned economy? It seems to me that they have a reverse Midas touch where most things they get involved with end up worse off than before. Who do you trust more to be able to allocate resources to growth enhancing sectors of the economy - marxist politicians (who haven't so much as run a hot dog stand) or profit seeking entrepreneurs? I don't want business in politics or politics in business. We should really know better by now.

  • Eterni80 - 2012-11-13 10:30

    the ANC love the sound of their own voices.

  • sandy.sutherland.58 - 2012-11-13 10:34

    HAHAHAHHHAHAHAHAHAHAH.............and HAHAHAHAHHA some more - "Greed should not play a part..." - what do you mr. Gigaba, call a R248 MILLION upgrade of someone's PRIVATE home at our expense?????? I call it pure GREED!

  • ray.molekoa.5 - 2012-11-13 10:34

    I used to employ up to 30 people on my small projects before 2009 whilst still holding my day job and corruption in Government offices wiped out my business when I tried to grow and do bigger projects with the assistance from government SME's support . Some of my ex- employees come to my house for work now and then . White people have projects to share , we only need commitment and support from government to make things work . And we can go very far if that can be possible .

  • marthinus.erasmus.98 - 2012-11-13 10:37

    Words like "reputable" cannot be associated with this department

  • mothercitysme - 2012-11-13 10:40

    Equal Education is the ONLY answer here. Forget about correcting the wrongs of the past and work on the solution for the future of South Africa.

  • gary.desousa.7 - 2012-11-13 10:45

    "Government has mobilised all relevant stakeholders... to respond to the immediate challenges associated with the global economic crisis and to build South Africa's future economy," Gigaba said That unfortunatly is the typical socialist gov claptrap spouted from a person who only understands what the political bosses tell him. Not one iota of that will create the climate for jobs. After 18 yrs where are the visible programmes,the better education ,the reduction in poverty?? I dont expect results yet but I DO expect proper macro and micro economics and a reduced civil service.

  • ggsteele1 - 2012-11-13 11:18

    Give a man a fish (& he'll eat for a day) Teach him how to fish (& he'll eat forever) Or teach him how to steal fish & ....

  • stephen.j.dickson.3 - 2012-11-13 11:24

    So Gigaba,you tsotsi, why aren't you and your mindless cohorts of the ANC do their jobs and do something about it instead of just taxing,stealing and toyitoyi-ing.........bottom line.

  • michele.holmes.1238 - 2012-11-13 11:32

    Maybe the ANC should just stop stealing everything.

  • naomi.benson.589 - 2012-11-13 12:24

    Stop having babies that cannot be provided for. How can you bring a child into the world and expect everyone else but yourself to look after the child? And then keep on having more and more children...Of course, one key is education. To close the inequality gap, start improving education to ALL, as everyone will benefit at the end of the day. Start using taxpayers money wisely, and fix the educational system for one.

  • tony.naidoo - 2012-11-13 12:47

    INEQUALITY...a social curse invented by the NP and fine-tuned and mastered by the ANC!

  • msturmair - 2012-11-13 13:25

    get rid of anc = fat cats = greed/racism/crime sa people has had enough

  • motlalepula.moloi - 2012-11-13 13:42

    This is frastrating to ordinary South Africans, actually its ridiculous. I wonder if the minister knows how much it costs his family on electricity a month, I for one doubt that.

  • craig.thom.376 - 2012-11-13 13:59

    I would like to see how they will correct market failures! not likely,and after his well researched speech he climbed into his top of the range merc and drove to his little schack in Sandton,perhaps start with one's self before looking for other scapegoats .

  • marc.hugo.75 - 2012-11-13 17:02

    Typical incomprehensible drivel - what should be said in a few words is spun into an impenetrable hash of political mumbo-jumbo. The short version is that this ruling ANC junta has promised riches to their voters from the year dot, and their voters, greedy illiterates that they are, are wanting those promises to materialise. Don't we all. The government are idiots and their loyal supporters are even stupider.

  • rodney.scholtz - 2012-11-13 22:11

    There is an alternate way. http://www.endlessenergy.co.za/

  • romy7 - 2012-11-13 22:35

    Every country in the world have the overalls (cheap labour) and the suits (the ones that control the overalls) the rich that dont give a f.....:-)... The difference is nobody cares and we the public accept what ever comes our way !!,! Plus we keep on voting for the worst political party every time :-) simple solution change your mind set vote for the DA end of story :-)

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