You'll find a lot of rural municipalities, very, very big district municipalities that actually have no tax base whereas our system of government presumes that the bulk of resources from government will come from resources that they will generate themselves.
Thabo MbekiWhat we are saying is that we need to consolidate the capacity to lend support. Because, one of the problems that's mentioned with regard to the Black Empowerment process in the case of small and medium business, is shortage of credit or difficulties of accessing credit.
Thabo MbekiWe can't treat the matter of black economic empowerment as just the redistribution of existing wealth. It really has to focus on new investment, on growth, on development of employment and so on and so on.
Thabo Mbeki