October 2012. I was insisting that Rob resign. However he's right in this report. BEE never solved the problem. The black elite figured out there was much more money in state tenders and stuck with it. Corporates didn't want those people for a multitude of reasons. One particular reason is that you have to work in a company, working for government or nabbing a tender doesn't require you to do anything.
And that Business Briefing. It came out that that was a huge cashcow for the guptas. They got everything for free. And zuma laughed.
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Addressing the New Age Business Briefing organized by the New Age newspaper group in Sandton, Johannesburg, on Monday, Davies said B-BBEE was an imperative from the point of view of equity and had a political dimension.
"We cannot have an economy in which the people are allowed to vote in the political level but are not able to benefit from involvement in the economy," he said, adding that South Africa could not run an effective economy when it drew its leadership at all levels and entrepreneurial capacity from a very small minority of the population.
Rob - don't you think it's ironic that you speak of equality and reflective of the demographics of the economy when you devote three pages to black VCs under ownership and you increase the black new entrants level to R50m. Couldn't you disguise your bias towards the connected blacks at the expense of the poor masses a little better.
We're onto you now. Resign, you are useless and opaque.
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