Zuma: Whites still control SA economy

2012-06-26 12:33

Johannesburg - South Africa’s economy is still mostly under the control of whites who held power under apartheid and the government needs to take more drastic steps to make sure the black majority can benefit from its wealth, President Jacob Zuma said on Tuesday.

Zuma, speaking at the start of a major policy meeting of his ruling African National Congress, said the challenges of poverty, unemployment and inequality posed long-term risks for Africa's richest country 18 years after the end of apartheid.

“The structure of the apartheid-era economy has remained largely intact,” Zuma told several thousand ANC delegates.

“The ownership of the economy is still primarily in the hands of white males as it has always been,” he said.

The ANC has drafted a raft of policy documents that call on mining firms to pay more to the state to help finance welfare spending. The proposals also advocate relying on state-owned enterprises to be engines of job creation and growth.

“The time has come to do something more drastic towards economic transformation and freedom,” Zuma said.

But some economists have warned it would be dangerous to rely on state-owned firms since almost all of them have been mired in debt and management problems.

Zuma also said the debate over how the country’s mining wealth should be shared should go beyond simply the question of “to nationalise or not to nationalise.”

The party produced a research paper earlier this year saying nationalising mines could bankrupt the state, but it suggested increasing taxes on windfall mining profits.

Zuma said the conference should consider how the state can obtain an “equitable share” of mineral wealth, which could be used more to benefit poor communities.

He also called for a new programme for land reform, saying the current “willing buyer-willing seller” policy had been too slow in returning white-owned farmland to blacks dispossessed by the apartheid state.

But he did not spell out what alternative mechanisms of land ownership transfer should be adopted.

South Africa’s black economic empowerment policy designed to give disenfranchised blacks greater ownership of the economy should be strengthened, Zuma added.

This policy has been criticised from within the ANC and by its governing allies in organised labour as only benefiting a small sliver of the population with political ties to the party that has ruled since apartheid ended in 1994.

The policy conference will end on Friday and its deliberations are being held behind closed doors.


  • nigel.vanysendyk - 2012-06-26 12:43

    starts with education, but what would the ANC know about that

      Michaele - 2012-06-26 12:55

      I agree it starts with basic education. I actually agree to a degree with Zma, BUT and it is a big BUT, if all this wealth is obtained where the hell does it go? Fancy cars Large house Expensive holidays Personal accounts Everywhere BUT to the poor and this is why I will never vote for the ANC. The emphasis is always on white males, where has a black male done anything exceptionally brilliant which can achieve him a world renown accolade for invention or development. Only one award and that is for CORRUPTION. Unfortunately it is rife in AFRICA. Pay bribes wherever you go just to get through what should be normal protocol.

      kobus.hattingh.5 - 2012-06-26 13:01

      Does he ever wonder why South Africa is one of Africa's richest countries after 18 years? And once you now force the wealth from the whites, does he realy think it will remain like that? Killing the goose that lies the golden egg?

      james.bondiski - 2012-06-26 13:01

      One Question. Has malema got to JZ???? how sad .

      Colin - 2012-06-26 13:04

      The anc wants to keep the masses uneducated and unemployeed so that they are dependant on social grants and easy to control. Look at limpopo, they do not care about the blacks AT ALL its all about stealing as much as they can.

      Charles-Bronson - 2012-06-26 13:12

      Comes from the king of thief's. They can only steal and not work for it.

      Stephen - 2012-06-26 13:15

      In reply to blignault: Young South African scientist Siyabulela Xuza has had a planet named after him (by the Nasa-affiliated Lincoln Laboratory), in honour of his work in developing a record-breaking rocket and creating safer, more energy-efficient rocket fuel. The story of Xuza’s rise to greatness, is told by Clem Sunter, a world-renowned scenario planner, speaker and author. Look it up !!!

      liana.loots - 2012-06-26 13:15

      WTF this is OUR president, our COUNTRY! This idiot must go and sit in his kaya and eat pap. It's time

      gordon.trevat - 2012-06-26 13:19

      Why the backtrack on nationalisation? If this is really about finding money for the poor, perhaps we should also push for nationalisation of black-owned mines, and while we're at it, why not hand back some of the mining profits/contracts held by Zuma and co's families in Zim and DRC back to their people?

      James - 2012-06-26 13:24

      Largely because of Genetic and partly because of advantages of nurturing that cannot be redistributed by a Marxist Govt people differ in aptitudes.Hence nett worth. {ave black in US $2,000. white $100,000}

      alan.gernet - 2012-06-26 13:30

      blah blah blah blah .. what it means is "I want to be re-elected, because I have 'n' wives and 'n to the power of 4' children to support.

      burtfred.brown - 2012-06-26 13:45

      What a load of racist rubbish, Mr Zuma. You are just saying whatever it takes to get votes from your black constituents. You are not the president of South Africans as Nelson Mandela was; you are only the president of black South Africans.

      ingi.raikes - 2012-06-26 13:54

      Oneant, yes, and you don't have to be a rocket scientist to work that one out! Mr Zuma, Malema, anybody who needs the lesson, WATCH OUR LIPS!!!

      zambezi.river - 2012-06-26 14:11

      Next spring should be a black spring! Now is the time!

      gerhard.kress.3 - 2012-06-26 14:20

      Zuma does not have a plan. But then we knew that before. He is just wading through the mud created by him and his cronies. Any proposal that he hints on is in itself a recipe for disaster. The president has got zero understanding of the underlying mechanisms of the economy. An absolute disaster in the making.

      Colin - 2012-06-26 14:23

      A black spring and then after everybody has fled to zim and nam because there is no food left then we can have a white spring

      John - 2012-06-26 14:30

      In perfect agreement, Nigel. I know plenty, respectable black folk that worked their butt's off to learn and earn. They actually take exception to being called a quote employee, and understandably so. Today, they earn decent money, contribute to society and shake their heads at their kin expecting handouts. Let's be honest, there are inequalities to address, but not by dishing out social grants forever. People need to be enabled, not just expect government to feed them (they actually feed themselves first). Education is the very first place that MUST be strengthened. Then create an environment where EVERYONE has an equal opportunity to make things happen for themselves. My white skin earned me nothing, I still need to work my butt off for what I have. And I battle on. I love this land, but I must admit, seen my earnings being taxed to the max' AND funds being misused makes me want to look for elsewhere where I will be appreciated and I can enjoy the most of my earning, or at least see the difference my tax money makes. I find it difficult to stay optimistic, and even more difficult seeing a future for my offspring.

      hugh.mungus.98 - 2012-06-26 14:31

      Do you really think he believes the crap that comes out of his own mouth? I'd like very much to give the president the benefit of the doubt and say no! He's just saying what he thinks his people want to hear to stay in power. He's a crafty politician not an astute economist.

      eugene.meyer1980 - 2012-06-26 15:45

      So who do they want, to take control of SA's economy and become rich??? Sipho on the corner of the street who has been living in a box??? Maybe Mpho, who is left to raise 5 children in the township??? Who do they want to make rich??? The poor, or do they just want to make the rich, richer??? As for land reform....hold on Zuma, its a sensitive case right now. You already have a lot of boers die moer in for you due to farm murders. Go mess around with their farms anc civil war is on your hands.

      fussed.anderson - 2012-06-26 15:45

      Well think about it, Who breaks every thing???. There you now have the answer

      alenr3 - 2012-06-26 16:01

      Considering that the majority of the ANC party members where oppressed by the apartheid regime and hence seldom received even the basic education during that period, I'm sure that you are then absolutely right. I am also pretty certain that you would love to see apartheid history just swept aside since it isn't really your problem is it? It is truly pathetic to see so many people up vote this kind nonobjective garbage.

      Preshen - 2012-06-26 17:20

      The ANC must implement W.E.E White Economic Employment

      warren.vanwyk.3 - 2012-06-26 17:30

      Heading should've read: Zuma: Whites still keeping SA economy... AFLOAT. And so btw Mr. Spear, a thank you would be nice (but highly unlikely).

      Gieljam - 2012-06-26 17:51

      And why not they are doing an excellent job unlike Zimbabwe and those else where

      harold.parsons.37 - 2012-06-26 18:35

      @ Stephen Why do we not know about him why does Zuma not know about him why is he not a hero in this country? I think something is out of place

      harold.parsons.37 - 2012-06-26 18:48

      I see now why Siyabulela Xuza is relatively unknown in his own country he has the wrong profile. St Johns matriculant, Uct Graduate Western Attitude and Positive outlook. This is good news but I am disappointed that he is going to disappear into the international world

      phuti.hlabane - 2012-06-26 19:29

      I agree with this dancing & traditional president for once.Economy is still in a white few.who do I vote 4?eishhhhhhh

      mary.hinge.9066 - 2012-06-27 01:46

      What does the ANC know about anything other than nepotism, corruption, cronyism, and other negative or criminal activities.

      ec.dp.9 - 2012-06-27 06:51

      To 5centsWorth: My dear friend, I absolutely agree with your possitive outlook, unfortunately is is becoming more difficult to maintain that. Three years ago, I have been where you are now - overtaxed and overworked, with half my money being taken for tax etc etc, with nothing coming forth to proof anything else than mis-"use" of my tax money. I decided to find work abroad, still send 90% of my salary to RSA, and can this way make a much bigger contribution.... and I do not live in constant fear for my life. Think carefully where you want to be in 10 years, and if your current situation will get you there. My 4 cents worth of advise.

      Smell - 2012-06-27 07:01

      Education = control.

      Victor - 2012-06-27 11:14

      While suturing a cut on the hand of a 75 year old farmer, whose hand was caught in the squeeze gate while working cattle, the doctor struck up a conversation with the old man. Eventually the topic got around to the President of the country and his role as our President. The old farmer said, 'Well, you know, the President of our country is a 'Post Turtle''. Not being familiar with the term, the doctor asked him, what a 'post turtle' was. The old farmer said, 'When you're driving down a country road and you come across a fence post with a turtle balanced on top, that's a 'post turtle'. The old farmer saw the puzzled look on the doctor's face so he continued to explain. "You know the President didn't get up there by himself, he doesn't belong up there, he doesn't know what to do while his up there, his elevated beyond his ability to function, and you just Wonder what kind of dumb ass put him up there to begin with." Best explanation I've heard yet

  • charlesdumbwin.dumbwin - 2012-06-26 12:45

    But what if the ANC and their comrades cannot run a successful and profitable economy?

      stephan.roos.39 - 2012-06-26 13:01

      @Victor . Do you know at some stage BEFORE 1994 the Rand was actualy stronger than the Doller

      gordon.trevat - 2012-06-26 13:03

      Who are these whites that hold all the money and control? I'm white, surely they can give me some cash if they have so much? Oh wait, I work hard to make my own way in life and do not want hand-outs. But seriously, the only really rich people I know happen to be a black man, a black woman, and an indian family (lots of land). So exactly who are these rich whites that have all the money and control? Or does Zuma mean "ratio of productive members based on race" when he says control? In which case, I'd definitely put the chinese and indians ahead of the whites.

      uwe.klopfer - 2012-06-26 13:04

      @victor : hahahaha...i have never been so poor or battled so financially as under the ANC... get your facts straight

      Ken - 2012-06-26 13:07

      @victor You are contradicting yourself, as Zuma stated the economy is run by?

      tyrone.boreham - 2012-06-26 13:09

      @Victor More like one of the most corrupt! The ANC is eating itself from the inside out. Theft and corruption is rife and they are trying to rape the country and its people. The black minority get super wealthy, while the majority stay poor.

      gordon.trevat - 2012-06-26 13:09

      @Victor. Whilst we currently have a more democratic society, I doubt this will continue in the future. China's system is seen as obsessively barbaric due to the treatment of it's mass labour force, and the ANC is doing nothing but pushing SA towards a Chinese culture. The reality is that we will end up with a select few in power, and a mass of slave labourers unless the ANC comes up with proper plans for education, stops trying to erode democracy, enables small businesses through significant tax breaks and appropriate labour legislation, and critically cuts out corruption from the top down. (Allowing family members to benefit from their relationship with a leader is not cutting out corruption, just legalising it).

      Angela - 2012-06-26 13:16

      Yes Steven the rand was stronger than the dollar but we had exchange control regulations up the yin yang protecting it. Today we play on a global field. Do you honestly think the rand would have been worth anything on the global markets pre 1994 with world sentiment the way it was about South Africa or have you forgotten the sanctions and the withdrawal of foreign capital. Prior to 1994 there had been little to no economic growth for years and the cost of borrowing sat at up to 32% (HP rate in the '80s). And you think the ANC has messed up the economy, I suggest you research some facts about the SA economy.

      Edward - 2012-06-26 13:23

      Name one government in the world that can. Politicians, for the most part, aren't business prople

      Angela - 2012-06-26 13:38

      James,I wonder if they included the population of the then homelands in the calculation of this stat, can you confirm this? I seriously question the comparative validity of these numbers. The CIA is hardly an objective, independant body given the way they have manipulated information to justify some of the USA's more tragic foreign interventions. They are politically motivated and therefore suspect -quote someone more objective. - 2012-06-26 13:40

      @ Angela - We still have exchange controls. They have only been relaxed slightly to allow the black elite to get their tender cash out before the whole country goes down the drain...

      Michaele - 2012-06-26 13:51

      @ Victor, you are as wacked as the wacky president you elected!!!!

      alfie.dunn - 2012-06-26 14:30 are just as stupid and ignorant as the rest of your comrades, believing that SA was debt-ridden when the ANC took over. If it was not for the WHITES, this economy would have been exhausted in the first five years with all the corruption and free handouts that the ANC so freely believe in doing. No WHITE, No ECONOMY...That is why the rest of AFRICA is allowing the WHITES back in...@SSHOLE.

      wilhelm.grobbelaar - 2012-06-26 14:55

      @Victor. hmmmm. Are you BLIND. Can you not see that there has been no improvement. no "best in the world" as you put it. Did you know the standard degree to even be permitted in parliament is a batchelors degree. Without it you cannot even enter parliament. Now it seems if you are corrupted and stupid, you can can work. Such an idiot.

      james.m.wood.773 - 2012-06-26 15:22

      no butts about it charles, they haven't and they won't!

      alenr3 - 2012-06-26 16:30

      @UweK: HAhahaha, of course, I can understand. When black people where oppressed in this country you where finically sound. Got it.

      harold.parsons.37 - 2012-06-26 19:11

      @ Angela Tell us if the ANC was successful in destroying or damaging the economy before 1994 using sanctions and travelling around the world proclaiming they were capitalist and forcing the Nats to the table. If that was correct then BEEE and AA were against us after 1994 how did we continue getting richer with a government that was anti white money. If you dont know the answer go ask the white kids in the homeless shelter. I doubt if he will have the answer but I know where he will tell you to go

      rodney.bevan.58 - 2012-06-26 20:08

      @ Wilhelm. What utter trash you talk! There is no "qualification" to enter parliament, the only thing you need is for people to vote for you and then you need more votes than the rest. As for this article, thank God the whites are still leaders of the business side of things, can you imagine the chaos if both the political and commercial were run by incompetent ANC cadres?! One only has to look at companies who have been forced to employ unworthy people to comply with government legislation. My brother inlaw is an architect who does a lot of work for the government, he was told to take on a black partner or lose the contracts. The partner lasted about 5 months, cleared out the safe and stole the company car he was given and vanished. The cops weren't interested because the victim was a rich white guy and the perp was a black. go figure.

      russell.w.wright.5 - 2012-06-27 10:55

      @Victor....?....have you been sniffing your bathwater again?

  • carl.debeer.33 - 2012-06-26 12:46

    So tell the blacks to start up their own businesses.Simple?....

      price.moyo.9 - 2012-06-26 12:51

      Carl, can u have a debate without seeing things as black n white?

      david.boswel - 2012-06-26 12:56

      Carl is just replying in terms that the ANC understands,black and white

      bthiart - 2012-06-26 13:05

      Price.moyo. Have a look at the headline. it reads 'WHITES bla bla bla!!!!! Whats the matter, can't take it when we say black??

      johnny.coetzee.3 - 2012-06-26 13:11

      @price.moyo.9 - then what is coming out of jz mouth ?? Clearly it's him making it a black and white issue. Caunt you see that ???

      margaret.brand.12 - 2012-06-26 13:35

      If the whites still control SA economy. then its proof that BEE has failed ....Zuma needs to thanks those you are still working to keep south africa afloat. Its getting close to general elections again so Jacob Zuma has to try and make out his looking after the people living in South africa. You and your cronnies have only looked after yourselves and forgetten about the poor who needed to be uplifted

      nicholas.graan - 2012-06-26 14:35

      @price.moyo.9, this whole debate is about black and white. The heading of the article we are all commenting on is; Zuma: Whites still control SA economy.

      fussed.anderson - 2012-06-26 15:50

      Yes they are luckey the whites are there, It would have colapsed in 1995 if there wernt

      warren.vanwyk.3 - 2012-06-26 17:18

      @ Mr Price: Before you ask a stupid question, take some time to actually read the article you are commenting on... starting with the heading. Just a thought, dude.

      russell.w.wright.5 - 2012-06-27 11:01

      @Price..........can the ANC win an election without resorting to racist propaganda and steroetyping? Zuma starts banging the color drum again and you object when whites retaliate?

  • Keith - 2012-06-26 12:46

    But please do you want illiterate people to govern the economy? Come on Zuma wake up and live.Educate the poor kids so that they can become the future leaders of the country .How can they educate under severe poverty while you guys live bejound the clouds: Be real for a change

      schalk.mattheys - 2012-06-26 15:02

      Unlike in the current SA government, in the "REAL" business world, you can't just appoint your cousins bruthas, sistas and buddies into senior executive positions as there is no way a company would survive without competent management. Unlike in the current SA government, in the “REAL” business world, you don’t get the backing of (currently thought of as in-exhaustible) billions of taxpayer’s rand’s , provided by the very same businesses and run by the very same people you don’t want to run these businesses anymore… Oh, but wait, I forgot, the current (overwhelmingly “black majority) government has such an awesome list of “competent” executives who have left such a wonderful track record of service delivery and non-corruption over the past 18 years, that it could definitely teach any “white run” company currently struggling to survive in the “REAL business world” a thing or two….NOT!

      denis.gomo - 2012-06-26 16:19

      Zuma is right...the economy is still largely white controlled. That's the legacy of apartheid. Tough luck. That is a fact. But he also forgot to mention that a lot of black business people have also benefitted from BEE. Infact, the policy is good but it has largely failed because the same old black ANC guys who have been benefitting since 1994 are still benefitting. The only guarantee for sustainable poverty eradication is education of the black child, and a protracted fight against corruption. I want to urge the well off people, both black and white, to "adopt" a black child. Not literally but identify a promising disadvantaged young person or child, get in touch with the parents and school and chip in now and then and help with schooling, encouragement, counselling, career guidance, just dont know the impact you'll be making on a young person's life. That can help in uplifting our people because the government itself (look at Limpopo education fiasco) has failed and is rlying on blame games.

      saintbruce.bruce - 2012-06-26 18:42

      Here is a simple piece of truth for Mr Zuma: Some years ago the stats show there were 480 000 registered companies. However much you push BBBEE, EE, AA etc, the plain truth is there aren't 480 000 buyers ! The cream of the business crop went to nicely 'brokered' empowerment deals and made a few folks super rich. The rest have to keep working. The Liberation promises can never be delivered upon by the ANC but maybe they still believe their own untruths? South Africa : Your Government has failed you! Do white males really have all the economic sway? If so, keep it that way and maybe we shall have a chance after all. My company tried 5 AA, BEE Director appointments - all 5 were fired after stealing, mismanagement, graft and insider dealing ! Sad to see the cream of black business start off like skollies and without shame or remorse. Not left a good taste in my mouth I must say. Let the best person, on merit and performance, run the show. Agreed?

  • price.moyo.9 - 2012-06-26 12:47

    Doesnt matter who controls what, as long as there is transparence, equal opportunity for all and the economy is doing well. Learn frm zimbabwe!

      John - 2012-06-26 14:59

      That I agree with. But there is very, very little transparency, and even less accountability. The attitude by those in power is " I am the ruler, and you shall not question us". It's a huge pity they don't know that they occupy those positions to serve and not 'reap perks' of being in government. When a request is made for accountability and transparency, it is met with irritation, defensiveness and it invariably is deflected to a racial issue. It's very difficult to deal with issues if these are continually deflected.

      russell.w.wright.5 - 2012-06-27 11:04

      The only thing to learn from Zimbabwe is.... how not to do anything.

      russell.w.wright.5 - 2012-06-27 11:13

      Transparency under the ANC?.....hahahahahahahaha.....the only transparency under the ANC is the governments transparent attempts to stifle all democratic debate, the media and annoying opposition parties.....How about the governments transparent attempts to influence legal process.....including stuffing the courts with judges loyal to the ANC? Equal opportunity?.....for whom?...and based on what? color?....Dude even BEE and affirmative action is dependent on how black you are and how pale you aren't.

  • cape.gtown.1 - 2012-06-26 12:49

    of course the economy is still going to be controlled by the educated (whites).....

      Keith - 2012-06-26 12:58

      Does Zuma wants to let the un educated control the economy ? Come on Zuma if they are educated and have the know how then it should not be a problem for them to control the economy. Lets put a Khoisan as Prseident and see how he will lead the country..

      cape.gtown.1 - 2012-06-26 13:10

      The ANC is purposely not allowing the poor to educate themselves; all to do with power, money and control. Zuma must go and soon!

      Juan - 2012-06-26 16:17

      Now now there are plenty of educated black people out there as well. So let's just say that the economy will be controlled by the educated, hopefully.

      Cuteandbronzed - 2012-06-26 18:54

      Im educated, im black and I work, you people need to stop and now

  • Christian J Denyschen - 2012-06-26 12:50

    Be afraid guys this sounds like malema talk to me.

      Keith - 2012-06-26 12:59

      Malema should go to Limpopo and milk his cows so that Zuma can drink fresh milk daily

      susan.b.vos - 2012-06-26 15:18

      I agree Christian. And we can protest as much as we like - it will make no difference. And the poor black people (ANC's loyal supporters)are not going to see one cent or reap any reward from nationalisation or anything else - it is destined for the gravy train, and once they have sucked the country dry and chased away all international investments, they will leave and live off their profits.

      Cuteandbronzed - 2012-06-26 18:55

      Ill vote this man in 100000 times just to see you you suffer

      jurgen.wurfel.5 - 2012-06-26 20:23

      you forgot another few words on the end of your name blackyoungandangry. They are 'andignorantstupididiot'

  • martin.britchford.5 - 2012-06-26 12:50

    jacob makes out like our trillion rand budget just covers have authorised theft jacob, thats why the poor dont see a cent of it.

  • peter.ndamase - 2012-06-26 12:51

    With such blatant comments,this is turning out to be like an ANCYL conference!!!

      charlesdumbwin.dumbwin - 2012-06-26 12:58

      They have to say those things, to please the pro-black agenda. Zuma wants a second term, so he has to make the right noise

  • rene.kruger.904 - 2012-06-26 12:51

    I love how he is quite happy to spend the white tax payer's money on his many wives and many planes, but has a problem with the white man.Wonder if all the white people left how he would feel about the white man then.

      june.april.148 - 2012-06-26 14:17

      They wouldn't have any revenue left to spend and they'd all sit on a heap on the pavements waiting for handouts

      Cuteandbronzed - 2012-06-26 18:55

      You egghead I pay taxes, I also pay taxes

      John - 2012-06-27 10:17

      @youngupsetdelinquent: you pay tax and don't care where it goes to? Please pay some to me, I want to go buy myself a nice whiskey for this weekend. Since you're working, I don't need to.... That's the general attitude, isn't it?

      Ed - 2012-06-27 10:48

      yes blackyoungandangry, you may pay taxes, however at present more than 70% of taxes are still paid by 'whites', logic (which you seem short of) would have it that if you take us terrible and villainous white people out of the equation, who will fill the void and pay the taxes??? hmmm...actually wait, you know what, you are right...lets nationalise everything, that way we will have loads of mini-parastatals like SAA, Denel etc that will be run like the education or health department and have to beg government for bailouts every year. oh wait, there wont be any money for those bailouts because the tax base would have been shrunk by 70%...oh well, i wish i could live on your simple must be so nice to be dumb.

  • Henk - 2012-06-26 12:52

    Jip it is because most white males are educated with at least one degree. And we got those in a working educational system!

  • ben.louw.5 - 2012-06-26 12:52

    YOU MORON!!! It's simple. Stop taking and start creating. It's going to be tough, but if you don't get this right nothing is going to help. (Insert saying about learn them to fish)

      Cuteandbronzed - 2012-06-26 18:56

      and your leaving

  • djim.bie - 2012-06-26 12:52

    With all anc money acquiring businesses and supporting losses for them can blacks still not make a mine, a farm or any other business succeed, and this is with anc cash SUPPORT! Dream on dude!

  • Mart - 2012-06-26 12:52

    From this, am I to understand that what is critical to the economy is not that it is almost working, but that it must be in the hands of non whites, irrespective of whether it works then or not. WOW, shoot yourself in the foot to retain power at all costs seems a bit suicidal. I am not saying that non-whites are incapable of running this economy, but what I am saying is that in all liklihood those 'reins' will again be given out on a political and not an economic or logical basis, and those non-whites who are capable will be ignored at the expense of a nation.

  • dane.jenkinson - 2012-06-26 12:52

    Was waiting for him the blame the white man. Any mention of the 30 billion gone missing due to corruption?

  • Fredster - 2012-06-26 12:53

    It has to be cause all your buddies are corrupt. Imagine if YOU had the control

  • - 2012-06-26 12:53

    Please Zuma what wil happen then nexts Zim

  • Keith - 2012-06-26 12:54

    After 18yrs governing by the ANC you only realise now that whites control the economoy Zuma ?? Shame on you if they were not the country should have been in reigns by now compared to Zim.You should be happy that the whites is keeping the conomy up so that you can enjoy the tax monoes to fly around the world, to live amongst the clouds ect etc etc bla bla bla bla and so on and on and on and on

      matthew.vik.3 - 2012-06-26 22:33

      Kindly note that the fastest growing economies in the world are not controlled by whites. In fact, the president of USA is a black man... so i am very sure SA would have survived.. If you think not.. then i think you are dillusional..

      russell.w.wright.5 - 2012-06-27 11:27

      Uhhh Mathew?........USA fastest growing economy in the world? bout China? Sure S.A would survive....without doubt....the question is what would it look like? Would you still be able to access the internet do you thing or would you have to rely on smoke signals?

  • gary.guy.507 - 2012-06-26 12:54

    "said the challenges of poverty, unemployment and inequality posed long-term risks for Africa's richest country". Agreed.. and this should be addressed by tax money. Problem is, the route to wealth in the eyes of ANC members is through political appointment and the looting these tax funds. So when inequality is not being address because the funds to address this have been stolen, the natural reaction is to take the hand that is not in the cookie jar and point it at the whites saying "they have all the money". Amazing how history in Africa has a habit of repeating itself!

      Keith - 2012-06-26 13:17

      Agree 1001% mate

  • ogodiseng.seonya - 2012-06-26 12:55

    cum on msholozi,do u want to see the whites broke or would tht make south africa happy to see the whites broke. ths thing has gotten too far

      JohncarlosBiza - 2012-06-26 15:51

      Agreed. There's a difference betweem retribition and revenge

  • Hermann - 2012-06-26 12:56

    Zuma just showed the low quality of his education. "The ANC has drafted a raft of policy documents that call on mining firms to pay more to the state to help finance welfare spending." It is all he understands the creation of a welfare state which is much easier than creating jobs. The whites who the dimwit accuses of controlling the economy worked to get there, it is their reward for toiling instead of loafing and demanding. I hope the ANC gives the fool the Thabo Mbeki ticket in December.

  • Colin - 2012-06-26 12:58

    Drastic steps such as stop stealing and start working? No thought not but they have to remember if they start nationalising white assets we stop paying tax and then who will pay for all their parties?

  • Bradley - 2012-06-26 12:59

    "to pay more to the state to help finance welfare spending"...Umaka!!! you lie Wena, its going straight into your pocket.

  • Gerald - 2012-06-26 12:59

    didn't the apartheid govt fund our black states, mine was Transkei, and this was how we operated without taxes. But our leaders stole that money too. Pity they didnt use it for education then maybe there would be a chance of blacks controlling the economy, but now that dream has faded

  • david.vanderwesthuizen - 2012-06-26 13:00

    The problem in Africa is everyone wants and will take but dont want to work for it. Gona be like Zim No Farms just sand pits producing nothing but hungry people.

  • Johan De Beer - 2012-06-26 13:01

    The solution is not to try to impoverish whites. Blacks can create their own wealth without having to take away from other law abiding citizens of our country. Once the wealth had been taken from whites, what would these blacks then do for an income? I would have felt insulted by this argument if I were black.

  • dean.berzen - 2012-06-26 13:01

    The people of our country are dumb, the government will impose higher taxes on mining, but guess where all that money will go, straight into the pockets of Zuma and co. God bless South Africa, we need it.

  • shirley.steenkamp - 2012-06-26 13:02

    Here we go again! The anc couldnt run a brothel correctly,benifits would only serve the "elite". They have had how many years tp prove themselves yet all they have managed is chaos!!!

  • leon.fellows.1 - 2012-06-26 13:02

    . The proposals also advocate relying on state-owned enterprises to be engines of job creation and growth. -MMM SOUNDS LIKE ANOTHER WHITE IDEA, EI, SASOL ,YSKOR ,DENEL, TELKOM,ESKOM, RAILWAYS -THOU NOT A BAD IDEA AS IT HELPS WITH INFRASTRUCTURAL DEVELOPMENT

  • khadeejah.ebrahim - 2012-06-26 13:03

    its not about whites or blacks- its about competent people!!

  • Ian - 2012-06-26 13:03

    Stop reacting to political rhetoric garbage - this dufus will say anything to get re-elected in November. The fundamentals of this economy is controlled by overseas conglomerates idiot - do you think we are all morons like you?

  • angie.farr81 - 2012-06-26 13:03

    Nevermind the majority that are on the corruption gravy train!!!

  • sibusiso.mkoko - 2012-06-26 13:03

    30 yrs from today, the headlines will be: \Blacks control SA economy\. Us, young black professionals are being prepared well for this. Watch the space.

      Henk - 2012-06-26 13:06

      Yeah like the blacks controlling the Zim economy, or what is left of it!

      Colin - 2012-06-26 13:10

      Being prepared by still not having text books in limpopo when the year is halfway done? At this rate we will be worse of than zim in only a few years time and what will all the \young black professionals\ do then, become waiters in namibia and botswana like the zim professionals who came here after bob stuffed up his country?

      Johan De Beer - 2012-06-26 13:11

      Why take 30 years? Sibusisu, no problem with that. But do not try to control the economy by taking away from others. Control the economy by building it stronger and bigger. That way everybody wins.

      dirk.bigman - 2012-06-26 13:18

      We would dearly love for you to set up your own business, learn to farm and make huge amounts of money, create lots of jobs and assist paying taxes. That would be the ideal if you are preparing, learning, building and creating this vision. I guarantee you every white in this country will support you to the hilt. So go big and make that dream of us blacks control the economy because we are qualified and worked for it and created and expanded it a reality. Dont sit back and just take like the ANC wants to do. Whites do not have problems helping blacks, teaching them and sharing with them. We just get pissed off when Zuma's nephew steals millions whilst putting blacks out of jobs, in the street without roof and food and the ANC cadre's thinks this is cool. They now control this defunct mine. So please study and grow so the economy you created and expanded belongs to you. That is our dream also

      celeste.rsa - 2012-06-26 13:26

      30 yrs from today, there won't be much left to control, so good luck with that one.

      winston.mullany - 2012-06-26 13:27

      I see you studied in Limpopo....go figure!

      darryl.maze1 - 2012-06-26 15:20

      Keep dreaming sibusiso. Look at the rest of africa and how it is controled by blacks. People live in poverty, no education and no shelter. Yet the top brass are eating and drinking expensive things. You do not care about your own ppl. Look at all the genocides that have taken place in africa because one tribe will not let another tribe rule.

      JohncarlosBiza - 2012-06-26 19:17

      @dirk thank you for that post. Watch all the other dumb comments to Sibusiso's've made them look like arses

      byron.matthews.562 - 2012-06-26 20:34

      lol, Sibusiso, this is the wrong forum for that kind of talk - saying what u just said on news24, is like walking into an AWB meeting saying u will control the economy in 30yrs - be prepared for an onslaught of note - how dare you go against their god's will lol

      malcolm.dale - 2012-06-27 07:52

      If there is still an economy to control. Who is preparing you for this dream that you have ? Zuma? Malema? It appears for the most part that anyone else is too busy lining their own pockets to be bothered with preparing anyone to take away the cash cow that they have dipped their sticky fingers into. You in 30 years time will have nothing left - in fact I think that it will be a whole lot shorter than 30 years for the present economy to disappear!!

      jwdupreez - 2012-06-27 12:29

      Sorry to disillusion you Sibu but this economy wont last that long for anybody to control UNLESS the ANC does a serious effort to educate the workers class and create jobs. Their nepotism s & BEE policies etc are only there for selfenrichment and voters recruitment. Hopefully the electorate will open their eyes within "30 yrs" and BOOT Zuma and his chronies ot of their jampot seats and do what is good for the country and ALL its citizens and not merely for those who vote to keep them in power!!! - 2012-06-27 12:52


  • christian.erasmus - 2012-06-26 13:03

    Why is this an issue???????????

  • jwarha.balakisa - 2012-06-26 13:04

    That is it Mr Zuma. We have compromised a lot for this people, only to be insulted by them. The time has came for us to show them who's country this is.

      Johan De Beer - 2012-06-26 13:08

      So does the country belong to you now?

      Henk - 2012-06-26 13:11

      You dumb? He just said who is controlling the money! Where are you going to get money for guns.....

      arthur.hugh - 2012-06-26 13:15

      jwarha.balakisa - if land "belongs" to you, please post a link to the original title deed proving your forefathers owned it, and the full family names of the exact people who "stole" it from you without paying for it. Until such time, you're just a thief.

      andre.burrows.92 - 2012-06-26 14:20

      Keep struggling comrade!

  • sean.murphy.165 - 2012-06-26 13:04

    Allow people to get a good education. Then relax the labour laws so that everyone can get a job. Then everyone will be able to buy a house, a car or anything else they need. If everyone can support themselves most of SA's problems will be solved. This is however the last thing the ANC wants. They want voters to always need them and that is why they will never let all of the people of SA be independant and self sufficient.

  • nikondaniel - 2012-06-26 13:07

    Perhaps an issue of IQ?

  • winifred.watson.9 - 2012-06-26 13:11

    Think they should come and visit our local spar where I live at 5pm. You see blacks and Indians driving expensive vehicles, bmw, audi and merc's half of these people cant even park these vehicles properly. Take a look at the whites, simple cheap cars and bakkies. I am not denying that there are a few whites with expensive cars in the carpark but on the whole, mainly blacks and indians. This is a very middle class suburb so tell me where the money comes from to pay for these vehicles. Now they are blaming the white people saying we have all the riches, live hollywood lifestyls. White people have become poorer over the last 18 yrs we have been discriminated against over this time. We have all worked hard for what we have managed to amass. We have taken out bank loans to pay for a car and a house, we have had to prove that we are financially able to pay for these items whereas the disadvantaged get loans without much security needed. We have worked our backsides off the pay for these things, now the disadvantaged think everything should be given to them. How are you going to manage that when the taxi association cant run a peaceful taxi service together. I believe this will end up with dog eat dog because of greed,

      millionwatts1 - 2012-06-26 23:01

      You clearly don't live anywhere close to Sandton(home of the luxury German sedans) there you will be lucky to see a black person let alone one driving.

  • arthur.hugh - 2012-06-26 13:11

    Well that's one way to get big business owners to pull all their investment from the country, and retrench millions of staff. Congrats Zuma!

      steve.ritchie.739 - 2012-06-26 13:48

      It's just what they want. A dictatorship.

  • yolande.lindeque - 2012-06-26 13:11

    Education... Those that have an education should create jobs for the younger ppl of this country, the older should look after the young and create oppertunities for them, which they should then take. Black White Indian or which ever race you/they are. Democracy means 50.50 not 30.70...

  • aam.coetzee - 2012-06-26 13:11

    Work for it or do without. applicable to this experiment: 1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. 2. What one person receives without working for, another person must work for without receiving. 3. The government cannot give to anybody anything that the government does not first take from somebody else. 4. You cannot multiply wealth by dividing it! 5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

      juan.nel.184 - 2012-06-26 13:29

      @aam.coetzee Amen!

      gavin.lott.9 - 2012-06-26 13:44

      Well said!

      hulisani.m - 2012-06-26 23:09

      True that

  • M.T.Selepe - 2012-06-26 13:15

    im a black person,nd i dont agree with what zuma and his comrades are saying about whites-i went to university for 6 years and i learnt that white people get educated in order to estblish good lives-zuma is once again proving his illiteracy and its very disconcerting when someone like him soght to say such lame statements in a black and white notion.

      millionwatts1 - 2012-06-26 13:22

      If that's what you learnt you learned very little my friend.

      Tony Lapson - 2012-06-26 13:42

      Mrs Jimmy Millionwatts, Mr. Selepe has a valid point. If you choose to dispute his opinion, give valid reasons beyond merely insulting his university qualifications. He has something to show for it, you don't.

      millionwatts1 - 2012-06-26 13:51

      Been to university and got the degree(s). People work hard whether they are black or white but whites do have the added advantage of controlling the means of production. There is also what some of us call the 'old boys' network that goes on in companies to keep an advantage for whites. Its total rubbish that whites work harder for their living than blacks.

      rui.d.barros.7 - 2012-06-26 14:06

      @millionwatts . Go to any state institution and you will see how hard whites work compared to Blacks. Whites get tasked with more work from their Black managers cos they know it will get done . I know this cos I work in 1 of these institutions ( and I would love to move but can't because I'm a white male and because of BEE)

      colin.langley - 2012-06-26 14:09

      @Millionwatts1...the lights are on but nobody is home

      Tony Lapson - 2012-06-26 14:17

      @Mrs. jimmy Millionwatts. Proof? You say "degree(s)"... Do you know how to count your own qualifications? One degree or many degrees? Or is this your way of making yourself like your opinion is worth more by claiming that you completed university?

      steve.ritchie.739 - 2012-06-26 14:47

      @ millionwatts1. Methinks you got the bull by the balls. M.T.Selepe is showing just what a good education can do for one. He can see for himself where Zipper Zoomer is taking this country. Well said Mr Selepe!

      steve.ritchie.739 - 2012-06-26 16:15

      A later comment by MT has made me have a rethink. Perhaps millionwatts1, you are correct.

      millionwatts1 - 2012-06-26 17:47

      Hahaha I don't need any validation from anyone but I refuse to call black people who wake up before you guys here to make sure your kids breakfast is ready or your laundry is ironed by the time you wake up lazy. They had a poor education but they would work as hard in any position. Yes they are incompetent people here and there but to call black people lazy just call you hold the economy by the balls is even cruel in my opinion.

      millionwatts1 - 2012-06-26 22:13

      @charnelle, don't comment on my posts and I won't comment on yours. Stop following me!

  • konstabel.koekemoer - 2012-06-26 13:16

    The only way to get more people to benefit from the economy is to grow the economy. Artificial programs to re-distribute wealth like BBEEE end up inhibiting growth through all sorts of uncompetitive behaviour. Programs are needed but they must focus on assisting people to build real businesses that create sustainable jobs and not on racial criteria.

  • drishworth - 2012-06-26 13:16

    So the economy of SA is still largely under the control of Whites - and it works! ............ unlike so many institutions where control has been transferred. I have no problem with Blacks benefitting from the wealth but that can only happen if there is wealth to share. Look at Zim - land was transferred and now the nation is starving - it is now the white ex- Zim farmer who is farming in Zambia that is feeding the people of Zimbabwe. Let common sense prevail - at the end of the day it is important to have food in our tummies and a roof over our head - not whether the 'Boss' is Balck or White.

  • mikenortje - 2012-06-26 13:17

    Please go ahead and land grab, nationalise the mines, etc, etc the quicker we get the next 10 to 20 years over with the better. You canno0t reason with someone who got a GG for wood work. Here follow the link below if you want education.

  • celeste.rsa - 2012-06-26 13:20

    Zuma will say anything to make sure he gets another term in office. This is to appease those ANCYL thugs.

  • David Ibanez Freire - 2012-06-26 13:24

    Why Zuma? Haven't you taken enough?

  • karel.stigling - 2012-06-26 13:24

    You want to benefit from the wealth, but don't want to work and create wealth - I am sure mugabe thought about that one as well.

  • Erna - 2012-06-26 13:24

    Lack of money is NOT the reason why black people are still disenfrachised. Its because of mismanagement and looting by this anc government.

  • provence.poppies - 2012-06-26 13:24

    That's why RSA still has an economy. Once it get's into the hands of the government, it will be goodbye like ALL other African economies. Most of African countries are wealthy in minerals and the governments own them, do you see poor communities enriched in these countries NO NO!!! Ask the other poor Africans pouring into RSA why they have not been enriched by the wealth of their countries. Zimbabwe, Angola, Congo, Liberia, Libya, Sudan, Mali, and many more are all rich in minerals. Poverty is sickening in these countries. Who benefits? The ruling government of cause!!! Why do presidents stay in power and leaders over throwing governments?? mineral wealth of cause!! Show me one African country that benefits the poor?? None.