Motsepe announces multi-billion rand fund for black farmers

[MidnightWizard]

Try the R56 to Kokstad. Hardly any erosion and miles of open veld. Or how about at the bottom of Lundi's hill on the R617 all along the river. Or the road from Ncwadi into the back of Richmond, backing onto the Byrne Valley. Farms bought from white farmers in the 60's and 70's.

And like any farming, it can't always be nice irrigated vegetable fields and orchards, but what about game farming, forestry, hay, .......

These are just some basic examples.

On the way down the hill to the river you only have to look up to the opposite hills to see the COMPLETE overgrazing and erosion
Pass on the ERF numbers and the ownership details and lets see what we find out ..
Details on -- farm managers would be helpful

 

[stoymigo]

Anyone have an idea how loans work in the farming industry if the farmer can't pay back in allocated time? Is it extension or forfeit of land etc.

 

[EADC]

Entire article. They're not going to fork out money, dump it at the farm house and hope for the best. There's going to be ongoing support. Since private sector is will be involved, I think some kind of mentorship and oversight as well. It also looks like each case will be evaluated individually and awarded based on a set criteria.

Also see post #29.

Honestly looks like 80% of people didn't read the article but made assumptions based on their own bias.

 

[supersunbird]

With private money he can do what he wants, just like Afriforum should be allowed to built a Afrikaans university if they want.

 

[The Trutherizer]

I somehow doubt that should some white ou, example, Steve decide to build a whites-only school or creche with his own money, everyone would be so accommodating and ok with everything..

Like I said. I get the racist part.

 

[ɹǝuuᴉM]

With private money he can do what he wants, just like Afriforum should be allowed to built a Afrikaans university if they want.

Don't be surprised if 20 years from now you find out the 'private money' came from your tax thru "very private" side deals. Don't forget, right now Ramaphosa and wider family is at the top of the food chain. One day that will change, locked doors will open...

 

[CB40]

I see Motsepe foundation and the banks, where did you get the ANC?

I agree "thechamp" nowhere in the article does it say anything about the ANC

 

[TheChamp]

Don't be surprised if 20 years from now you find out the 'private money' came from your tax thru "very private" side deals. Don't forget, right now Ramaphosa and wider family is at the top of the food chain. One day that will change, locked doors will open...

Again Foreigner, go read up on the Motsepe family, his wealth has nothing to do with Ramaphosa's position and their relations.

 

[ForceFate]

Again Foreigner, go read up on the Motsepe family, his wealth has nothing to do with Ramaphosa's position and their relations.

It does fit in with his narrative.

 

[NarrowBandFtw]

That's a tad cheaper than a few billion

please god / lucifer no, I already have nightmares imagining what vile acts that once cute girl must have engaged in to earn that R150mil, I don't even want to speculate on how she could earn a few billion!

 

[NarrowBandFtw]

go read up on the Motsepe family, his wealth has nothing to do with Ramaphosa's position and their relations.

Something however is very fishy, if wikipedia is to be believed:

Patrice Motsepe - Wikipedia

en.wikipedia.org

Assuming normal education progression he would have had his BA degree (a f-ing useless degree of course) round about 1984 and his family money would have been solely funded from spaza shop activities.

Add another year or two for his law degree from Wits so 1986 he presumably enters professional work, by 1994 he makes partner in a law firm, very believable with some hard work, I don't believe he was somehow just given this for free, seems like hard work being rewarded all the way to this point.

BUT ... by 1997 he bought mines to the value of $7.7mil?!? Even with the deal to pay down the debt with future earnings, that seems highly irregular and afterward he most certainly benefited from the racist laws of the country:

Crucial to his fortunes were also the black economic empowerment (BEE) policies that the country implemented upon its transition to a democracy from apartheid -- the BEE laws required businesses to have a minimum 26% black ownership before a mining license would be granted -- yet some criticism lingers on whether the benefits have been distributed fairly

from https://edition.cnn.com/2015/07/15/africa/patrice-motsepe-to-know/index.html

At the very least he had an unfair advantage after 1994 though his achievements under apartheid are impressive and a lesson to everyone that blames the system for their own shortcomings. All in all seems like he's deserved the fruits of his labour as much as your typical billionaire I guess.

 

[KleinBoontjie]

Just did a quick google and am not finding any white only funds?
Perhaps my google skills are lacking.

Maybe some confused it with Landbank.
Tymebank vs Landbank

 

[EADC]

Something however is very fishy, if wikipedia is to be believed:

Patrice Motsepe - Wikipedia

en.wikipedia.org

Assuming normal education progression he would have had his BA degree (a f-ing useless degree of course) round about 1984 and his family money would have been solely funded from spaza shop activities.

Add another year or two for his law degree from Wits so 1986 he presumably enters professional work, by 1994 he makes partner in a law firm, very believable with some hard work, I don't believe he was somehow just given this for free, seems like hard work being rewarded all the way to this point.

BUT ... by 1997 he bought mines to the value of $7.7mil?!? Even with the deal to pay down the debt with future earnings, that seems highly irregular and afterward he most certainly benefited from the racist laws of the country:

from https://edition.cnn.com/2015/07/15/africa/patrice-motsepe-to-know/index.html

At the very least he had an unfair advantage after 1994 though his achievements under apartheid are impressive and a lesson to everyone that blames the system for their own shortcomings. All in all seems like he's deserved the fruits of his labour as much as your typical billionaire I guess.

Eish if only you where so throughough with Markus Jooste maybe you could have saved Steinhoff alas when sketchy character looks like you he doesn't need vetting.

But here you are trying to vet a man trying to do some good merely because he's black.

 

[NarrowBandFtw]

Eish if only you where so throughough with Markus Jooste maybe you could have saved Steinhoff alas when sketchy character looks like you he doesn't need vetting.

no need, Jooste is a po3s, end of story

But here you are trying to vet a man trying to do some good merely because he's black.

weak trolling is weak

 

[Knyro]

At the very least he had an unfair advantage after 1994 though his achievements under apartheid are impressive and a lesson to everyone that blames the system for their own shortcomings.

Nah this is silly reasoning. Just because some people from a disadvantaged group manage to make it doesn't mean the system isn't unfair and does not cause them to fail.

Hell it even causes people that succeed harm too because they would have gone even further if the system was fair. Imagine how much more of a baus Patrice could have been during apartheid if he had been born white.

 

[NarrowBandFtw]

Nah this is silly reasoning. Just because some people from a disadvantaged group manage to make it doesn't mean the system isn't unfair and does not cause them to fail.

Hell it even causes people that succeed harm too because they would have gone even further if the system was fair. Imagine how much more of a baus Patrice could have been during apartheid if he had been born white.

Never said it wasn't unfair, I said Patrice is living proof that it could be overcome without standing around with your hands cupped.

Sure he may have been even richer had it not been for apartheid, by the same token he could have been much less successful had it not been for legislation that dictated a certain percentage of black ownership in mining at exactly the time when he was a player in the mining game.

 

[Knyro]

Never said it wasn't unfair, I said Patrice is living proof that it could be overcome without standing around with your hands cupped.

Sure he may have been even richer had it not been for apartheid, by the same token he could have been much less successful had it not been for legislation that dictated a certain percentage of black ownership in mining at exactly the time when he was a player in the mining game.

You criticised people that blame the system for their shortcomings. They have every right to blame the system. Not everyone can beat the system like Patrice, no matter how hard they try, they simply got fscked over too hard.

He wouldn't have needed BEE if not for apartheid, he would have been well on his way to be successful anyway like Rupert.

 

[Spliffcat]

/joins the que with begging bowl. Gets told to F off, not black enough. Leaves planet earth in disgust.

 

[NarrowBandFtw]

You criticised people that still blame the system today for their shortcomings despite being handed every opportunity on a silver platter

ftfy

He wouldn't have needed BEE if not for apartheid, he would have been well on his way to be successful anyway like Rupert.

He didn't need BEE anyway, he would be successful regardless, that's the point.

 

[rietrot]

You criticised people that blame the system for their shortcomings. They have every right to blame the system. Not everyone can beat the system like Patrice, no matter how hard they try, they simply got fscked over too hard.

He wouldn't have needed BEE if not for apartheid, he would have been well on his way to be successful anyway like Rupert.

Lol. Patrice(along with Ramaposha)is a poster child for all that is wrong with BEE.