How Sanlam’s BEE deal made Patrice Motsepe another R8bn

Former President Thabo Mbeki was obsessed with creating Black business “role models”. Well and good. But instead of focusing on producing the kind of examples a developing country needs – bootstrapping, hard-working entrepreneurs who create jobs and build industries – he went for a quick fix. Whatever his intentions, Mbeki’s ideas encouraged Big Business to … Read more

Rubbish rumours. Tweeting idiot Justine Sacco no relation to Desmond Sacco, SA mining billionaire.

By Alec Hogg South Africans watched with fascination and then horror at the nuclear-type fallout after  Cape Town-headed New Yorker Justine Sacco’s inappropriate tweet about HIV/Aids, Africa and being White. Justine Sacco, high profile Public Relations executive, achieved global notoriety after she tweeted from Heathrow en route to Cape Town for Christmas with family. The … Read more