There are black companies that are very active in the economy, that are growing and not on the basis of mergers and acquisitions, but because of putting new money into their particular companies and, therefore, their particular sectors. Indeed, if they didn't do that, they would collapse as companies.

South Africa now needs skilled and educated people to say 'How do we manage and develop this democratic country?'

We 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.

Read a textbook. It will tell you. These are the things for instance on the African continent that will contribute to immune deficiency, various tropical diseases because of poor infrastructure, general levels of poverty don’t get treated. Syphilis untreated or not properly treated, which as it happens is a big problem as I hear, gets treated, the symptoms disappear but in fact… it … that impacts on the immune system. You’ve got to deal with these things.

You 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.

We would continue to handle our relations with the rest of the Continent with that kind of sensitivity.

For instance with regard to tourism, that we should be able to target people who are interested in investing in the tourism sector and explain that this is the size of the market, these are the incentives in this particular area, this is the capacity, this is what is needed.