BEE is not the 1st economic empowerment scheme that empowered a few at the expense of the majority. The Boers did it when they formed their republic. They catapulted a few families into the stratosphere filling the void left by the British. Empowering via BEE or any system call it corruption or monopoly.
By empowering legally or illegally the few history repeats its lessons. All that happens is you replace one powerful group or company or government by another. With enough wealth & power the human being will go to any length to protect it.
The Boers also founded the KWV. This vehicle empowered thousands of poor wine farmers (Boers) in Afrikaans using the Co-operative or stokvel company. Simply instead of struggling to survive these small farmers stopped seeing each other as the competition and began to ignore the profiteers who used fear to play one against the other working together they created more wealth individually for all involved then anyone would have alone.
By working together their fortunes begin to grow. Our market is not local generally we account for less than 0.021% of the total or global consumption. Imagine we mined gold and only sold locally? The selling price would have been below the production price. I am sure you know the concept of delayed gratification. Politicians in general would sell our oil rights for a few billion and in 5 years when the new owners are making 5 times that every year their money would have long spent on renting chairs or gold taps or some other arbitrary corrupt endeavor. If you believe the government acts in your or my best interest it's time to wake up.
How is it possible that one company owns the rights to over 80% of the worlds diamonds. Cannabis has the potential to empower millions of South Africans but if history repeats itself and 2 companies magically gets license like Vodacom we will all suffer except for a few officials & shareholders.
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