What 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 MbekiThe principal investors in the South African economy are South Africans. And this is something, I think, we should really pay attention to.
Thabo MbekiDo you know what the largest single cause of death in South Africa is? The largest single cause of death is what in the medical statistics is called external causes and that is violence in the society. For instance I've seen figures that say that if you take the male age cohort from16 to 45 years, 54% of the people who die in that age cohort die from external causes.
Thabo MbekiWhen I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.
Thabo MbekiI don't know why you should isolate women in this regard. If you have a traditional leader who says 'I am the sole exclusive ruler, I am the autocrat', it will affect everybody in the area, whether they are men or women. The challenge that South Africa faces, and it is not a new challenge, a whole range of African countries have faced this challenge, is that where you have institutional traditional leadership, which in our country is protected by the Constitution, how does that institution function side by side with a democratic system?
Thabo MbekiWhat is the worst, is that you will have the meltdown of Zimbabwe that the IMF is talking about. And indeed what you will have is growing unemployment in Zimbabwe, growing impoverishment among the people, growing social conflict. And I think that is the worst sort of outcome, that collapse of Zimbabwe certainly would have a much, much worse effect on the region than mere image.
Thabo Mbeki