“Over a decade our economy was bludgeoned, our state-owned entities were bludgeoned and state capacity, inside government itself, was bludgeoned and weakened over this period.Some black professionals saw short-term interests and went with the flow.
“Only much later did they realise they were being sucked into a process that was corrupt, that was weakening black economic empowerment and the state, and in doing so there was further impoverishment of black economic empowerment.” Ramaphosa said the actions of those responsible must not further undermine black empowerment or hold back transformation.
“We must not allow a climate where empowerment is viewed with suspicion. Where it is harder for black businesses to raise finances or struggle to transact with government. We must resist and refuse the calls to abandon the transformative policies and defer the task of broad-based economic empowerment.”
More than ever “we need to tackle empowerment with greater intensity and in the face of those who use the new weapon”.“They are waging war against transformation and progress for black people.”Black economic empowerment needs an environment in which companies can grow and thrive and find new markets, he said.LISTEN | Malema: Ramaphosa 'can go to hell' if he cannot be investigated
The odassity to even admid it! He was part of the cadres that turned a blind eye to save their lucrative jobs, violating their oath to serve SA!! DISGRACEFUL bunch! Just look at the unemployment rate and ask yourself, is this service to SA? Absolutely criminal!!
The ANC weakened government & strengthened black economic empowerment which is the major source of income for ANC comrades. Now it’s amended
VoetsekANC
And PresidencyZA CyrilRamaphosa stood by and watched it happening Did nothing
Hell no it's the Anc government that stole everything from the South Africans of which Ramaphosa was part of those Anc thugs