Tuesday, August 29, 2006
SA not shaking white dominance
"Sensitive to criticism about the slow pace of change, President Thabo Mbeki insists that better times are around the corner."
VisaDude: Yeah sure, if you're black and BEE enabled. If you're a Whitey out there you better have an escape plan because when the ANC really clamps down on BEE/AA you won't have a chance of making a living. Open up your own business I hear you say? Sorry BEE enabled. I hear you say: But I have a small company, BEE doesn't apply to me? Aaaah, it will. Contract? No, sorry, that loophole will be closed too. (I use to escape BEE/AA in SA by contracting and I often wondered when they would clamp down on this)
"A recent study found only 1.2 percent of the top 200 companies listed on the Johannesburg Securities Exchange were black-owned, according to Vundla."
VisaDude: Its scary to think what the consequences are when the percentage of black owned companies on the JSE grows. I can't wait to remove all the money I have invested in the JSE. If the unemployment rate is 40% and thats with 98.8% whites owning the companies on the JSE, then what does the future hold?
"South Africa has set a target for mining, one of the cornerstones of the economy, in a charter stipulating that mining companies should be 15 percent black-owned by 2009 and 26 percent black-owned by 2014."
VisaDude: Sound similar? Yes, Mugabe is nationalising the mines in Zimbabwe. OK, I hear you say, SA is not nationalising the mines. So what, more black ownership in this sector will mean only one thing. No prizes for guessing.
"One of the problems the government is facing is that some small firms enter into hoax "empowerment" deals with poor blacks, who are often paid a pittance despite being named directors and have no say in the running of the firms."
VisaDude: Hah hah, I love this. I bet these are whites fighting the crap system they find themselves in!
Comments:
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Economic justice ? Is this monkey for real ??!!!
Economic justice is when people get justly rewarded for hard effective work.
An emergency room doctor and a construction labourer both work hard, but the former is more valuable and deserves higher pay and recognition.
If one isn't brainy enough to get a degree/office job etc., that's too bad. It's like saying that a beautiful girl must slice her face to make herself ugly so that she doesn't make the ugly girls feel unwanted.
Even worse, why don't we allow fat, ugly women to blow up fashion shows because they are excluded from the world of fashion and can never be catwalk models ?
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Economic justice is when people get justly rewarded for hard effective work.
An emergency room doctor and a construction labourer both work hard, but the former is more valuable and deserves higher pay and recognition.
If one isn't brainy enough to get a degree/office job etc., that's too bad. It's like saying that a beautiful girl must slice her face to make herself ugly so that she doesn't make the ugly girls feel unwanted.
Even worse, why don't we allow fat, ugly women to blow up fashion shows because they are excluded from the world of fashion and can never be catwalk models ?
# posted by 
: 2:23 pm
: 2:23 pm << Home
