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PREMIUM RW Johnson: Are there really too few black billionaires?
Forthright as ever, RW Johnson drives a bulldozer through the SACP/ANC and Corporate SA’s carefully crafted ‘role model’ narrative.
By RW Johnson
Not long ago the prominent black businessman, Reuel Khoza (above) launched a tirade against the government on the interesting ground that there are too few black billionaires. He claimed that the "densest concentration" of billionaires was in Stellenbosch (a way of saying that they are white Afrikaners). "It is not by accident. It is absolutely by design. They laid the foundation legislatively; they meant business."
Khoza continued "To produce something like two, three or four but fewer than ten billionaires in almost thirty years – it cannot be justified." Khoza felt that far more radical legislation was needed on this subject, for he characterised current legislation as "limp-wristed".
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