We 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 MbekiWe would continue to handle our relations with the rest of the Continent with that kind of sensitivity.
Thabo MbekiPope Benedict XVI assumes leadership at a critical time in which the world's collective wisdom and leadership including that of the religious community is most important to face up to challenges of deepening poverty and under-development afflicting many people of the world.
Thabo MbekiWe are a very big mining country and historically have been exporters of raw minerals. There is no particular reason why we should not be processing those further.
Thabo MbekiI am sure it is in the medical textbooks, there are many things that cause immune deficiency and you will find therefore in the South African HIV and AIDS programme, that it will say that part of what we have got to do is to make sure that our health infrastructure, our health system is able to deal adequately with all of the illnesses that are a consequence of AIDS.
Thabo MbekiThat it is not enough to catch a criminal and get them convicted and so on, because the victim remains with the consequences of the crime. Something needs to be done. Let's complete that process, interact with civil society about this, so that we will specify what is it that we do in the context of that Charter that would then make this positive impact on people who might have been affected by crime.
Thabo MbekiI 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 Mbeki