Boardroom Talk – RW Johnson: These ANC sacred cows must be slaughtered to avoid default

By Alec Hogg

RW Johnson's take on the MTBPS is exactly what his legion of fans would expect – incisive, honest and brutally direct. Re-iterating that money has zero respect for idealism or diplomacy. This ultimate inanimate object, it offers no reward to the good nor punishes the evil. And in this objectivity, demands respect from all.

That's a lesson the ANC is learning the hard way. As Johnson explains, decades of cadre deployment and caving to trade union wage demands means SA now has a super-elite – the 1.2% of the population in protected employment with the State that hoover up 30% of all taxes paid annually.  

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