Blacks in SA Top 100 richest sign of redistribution



The presence of black people in top 100 richest South Africans means there has been redistribution of wealth. ANC Secretary-general Gwede Mantashe made this observation during a speech he made at the annual Black Management Forum in Sandton.
Mantashe said there was nothing wrong with deputy president, Cyril Ramaphosa accumulating wealth, criticising society’s attitude towards successful black people.
He lamented: “We resent black success. When we see successful black South Africans we assume that they are corrupt or have to have had some connection with the ANC.”
Singling out the criticism leveled at Ramaphosa and his company Shanduka’s 9% shareholding in mining company Lonmin, he said: “Even though Cyril owned only 9%, that 9% took the blame for everything [that happened at Marikana] and not the other 91% shareholding, and it’s because we resent black success.”

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