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Suffer the black capitalists, – City Press

Suffer the black capitalists, – City Press

The news in recent weeks has shone a light on transactions entered into by members of the black capitalist class.

This group of politically or otherwise connected individuals, like their white counterparts now and under apartheid, is rapidly amassing capital wealth.

They do so by invoking black excellence, black empowerment and other offshoots of the black solidarity we were raised to believe in.

The expectation is that the likes of you and I, blacks with neither 40 acres nor a mule, will celebrate their achievements as if they were our own.

It’s not too dissimilar to the sentiment expressed by former deputy president Kgalema Motlanthe in his toast at the ANC’s centenary rally.

“The leaders will now enjoy the champagne and, of course, they do so on your behalf through their lips,” Motlanthe said to the champagne-less masses.

Then there’s the case of Khanyi Dhlomo, whose latest business venture, high-end fashion boutique Luminance, was back in the news after it reportedly paid back its R34.1 million loan to the National Empowerment Fund (NEF).


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