and it does not help matters that PIC are now facing huge losses - I like the way they turned around and said there is nothing worry about, government will pick up the tab
It seems some "comrades" actually paid attention in class outside SA's borders during those "exiled" years and really 'struggle'd to learn their lessons in how to rape and strip economic strongholds under the guise of BEE - or any other acronym graciously sponsored by their political cadres.
Economic Empowerment is never a problem when it is fair. When you start discriminating, for example by making it exclusive to a given race, then you start running into problems - mostly within that given race.
It's incredible how a share-purchase can be funded with R1.9 billion still outstanding on the funding, but owe R10 on your house and you'll probably lose it.