Investors fan SA woes

NDLOZI: FORMER EFF MP MAKES CLAIM AT PSG ANNUAL CONFERENCE

- Liesl Peyper

If South Africa's rich believe in this country's possibilities, they "need to invest in sectors that can resolve unemployment".

This is the view of Mbuyiseni Ndlozi, former EFF member of parliament, and now a talk show host who spoke at the PSG Annual Conference last Thursday.

"The rich in South Africa need to be challenged," he said.

Ndlozi and Moeletsi Mbeki, political economist and chair of the SA Institute of International Affairs (SAIIA), were invited to weigh in on political and economic reform in South Africa on the second day of the conference held in Joburg.

Mbeki reiterated his criticisms of the policies of the ANC, particularly black economic empowerment (BEE) and the creation of a bloated public sector.

These policies, he argues, have led to the formation of a highly remunerated African middle class within the public sector.