The point we are making is that the general global messages have been communicated, about the politics of South Africa, about the economy in general, all of these general questions. The rest of the world understands these things and are saying, let's now come to the specific things so that even we, as big corporate chiefs from around the world, can assist in these areas, which you have decided are your priority areas.
Thabo MbekiThere are established processes of consultation between the Government, the parastatals and the trade unions, which have worked in the past. And I don't see any particular reason why they shouldn't work.
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 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 Mbekiะกertainly to the extent that we talk about not just procurement in the sense of acquiring goods from the rest of the economy, even to the extent that it is possible to bring Black players in areas where we say we need to raise the capacity of these organisations to deliver services, it is a very important part.
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 MbekiWe raised the matter of an agreement that was reached at the Growth and Development Summit, which was that we should access a certain part, 5% was mentioned, of the funds in the hands of the institutional investors, domestically, for investment in the real economy. That being an agreement of the Growth and Development Summit, we will engage South African business to see how we can make that a practical thing. So, there is a different set of engagement with local business.
Thabo Mbeki