• All Share : 51266.8054
    UP 0.63%
    Top40 - (Tradeable) : 45111.0316
    UP 0.76%
    Financial 15 : 16356.7495
    UP 0.58%
    Industrial 25 : 64297.9847
    UP 0.26%
    Resource 10 : 42078.1452
    UP 2.23%

  • ZAR/USD : 11.6476
    DOWN -0.02%
    ZAR/GBP : 17.494
    DOWN -0.12%
    ZAR/EUR : 13.1362
    DOWN -0.02%
    ZAR/JPY : 0.0986
    UP 1.44%
    ZAR/AUD : 9.0334
    UP 0.09%

  • Gold US$/oz : 1283.47
    Platinum US$/oz : 1241.81
    Silver US$/oz : 16.96
    Palladium US$/oz : 771.9
    Brent Crude : 52.49

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Sun Feb 01 20:09:59 SAST 2015

Patrice benefited from racist economic policy: iLIVE

Cliff Saunders, Northcliff | 04 February, 2013 00:25
Patrice Motsepe after pledging some of his wealth towards philanthropy
Image by: Picture: JAMES OATWAY

Fifty years of being a journalist have made me very cynical at times because of the basic tendencies in human nature that cater primarily for the promotion of self-interest.

Patrice Motsepe "doling out billions" leaves me cold. He is a fatcat who beat others at boarding the gravy train occupied by beneficiaries of the racist policies of BEE .

He decided: "Fortune I have. I need more fame coupled with ego-boosting popularity."

What better way to achieve these goals than a high-profile announcement that he's become a philanthropist to improve the "lifestyles" of the disadvantaged? How noble.

If racist economic policies were wrong during the apartheid era, they can't be acceptable now.


If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.