I think the critical point, really, is that we need to focus black economic empowerment more on the creation of new wealth rather than on these big deals that have been characteristic of this process in the past, of people going to banks, borrowing a lot of money, buying this and when the shares don't perform very well, the shares go back to the banks, because there's other people who own this anyway. I think we need to re-focus it so that it really does impact on growth, new investment, new employment and a general, better spread of wealth in South Africa.
Thabo MbekiWhile the WTO negotiations will continue, there are other trade negotiations of a bilateral nature, which among other things, should help to open up these markets for South African products.
Thabo MbekiYou might indeed be able to provide this money that people need to start a business, but can they run a business? This new consolidated agency [National Empowerment Fund] focuses on that matter of preparing people so that they can run business successfully.
Thabo MbekiWe do not accept that human society should be constructed on the basis of a savage principle of the survival of the fittest
Thabo MbekiThe King had been a good friend of the government and the people of South Africa and we all mourn his passing with our brothers and sisters in Saudi Arabia.
Thabo MbekiOur experience over the last 20 years has shown that indeed people must themselves become their own liberators. You cannot wait for somebody else to come and rescue you.
Thabo MbekiYou can say to this unemployed family, people are indigent, that they must pay for water and this and that and refuse removal and so on. They have no money. We may very well say that, but does the municipality have the capacity to do it? So, that's why we said that we need to have a thorough look at the functioning of local government and that will include the financing. So that this poor person does indeed access that water.
Thabo Mbeki