Moeletsi Mbeki tears into BEE, ANC economic policy

Moeletsi Mbeki is not scared to speak out against the policies of the party that his father Govan Mbeki built with Nelson Mandela and that his brother Thabo represented as President of the country. He has called the ANC and EFF policies of land expropriation without compensation an attack on the white population and  Julius Malema, "a famous black racist". As the Deputy Chair of the South African Institute for International Affairs, Mbeki has conducted research on the effect of white nationalism in the apartheid era and black nationalism since 1994 and concluded that both have failed South Africa. In an interview with Biznews on the deployment of troops in the Cape Flats to deal with gang violence, he slammed the ANC's economic policies saying it has led to de-industrialisation in the Western Cape and black empowerment is deterring investment. – Linda van  Tilburg

Political economist and commentator, Moeletsi Mbeki says investors know that they have to donate 26% of their capital to "some stranger who does nothing to fight for your company" if they want to invest in South Africa. Mbeki says investors won't invest under those circumstances.

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