Article Search

 'Nationalise Motsepe's obscene wealth'
    November 02 2009 at 07:06PM Get IOL on your
mobile at m.iol.co.za

The National Union of Metalworkers (Numsa) on Monday called for the nationalisation of the wealth of South Africa's richest man, Patrice Motsepe and ANC struggle hero, Tokyo Sexwale.

This comes after South Africa's "Rich List" was published by the Sunday Times on Sunday.

The list, compiled by Who Owns Whom, showed that Motsepe was the richest South African with R14,2-billion.

Numsa said it was concerned that massive wealth, worth billions, was concentrated in the hands of private individuals.

"This obscene and massive wealth is being reported by the Sunday Times in the midst of the revelations that South Africa has apparently taken over Brazil as the most unequal country in the world ever," said spokesman Castro Ngobese.
Continues Below ↓





He said the fact that South Africa was the most "unequal" country in the world was confirmed by Cape Town University's Professor Haroon Bhorat.

"Why should such massive wealth be in the hands of private individuals?" asked Ngobese.

"We strongly believe that our National Democratic Revolution (NDR) as encapsulated in the Freedom Charter was never meant to reproduce or replace a White capitalist class with a Black capitalist class or co-opt connected politicians to join exploiters."

He said the NDR has always been "anti-imperialist and anti-capitalist".

"This then calls for the radical and revolutionary agenda to be championed by the broad movement as led by the ANC to transfer the wealth of our country to the hands of the people as a whole, as opposed to a selected few."

He said failure by the African National Congress to transfer the wealth will lead to an upsurge of service delivery protests.

"As Numsa, we are calling for the nationalisation, and eventually the socialisation of the massive and privately owned wealth in the hands of Motsepes, Sexwales, Macozomas, Nhlekos, Mittals and Oppenheimers of this world," he said.

Ngobese said Bhorat confirmed that whilst inequalities had risen amongst black South Africans, the growth of white South Africans salaries between 1995 and 2008 surpasses by far the growth of salaries amongst black South Africans.

The salaries of white South Africans had grown by 83 percent from 1995 to 2008 while those of black South Africans only grew by 38 percent, he said.

He said Numsa would lobby other unions affiliated to the Congress of SA Trade Unions to mount a "radical and militant" campaign to put a stop to "excessive privately owned wealth and salaries which are reproducing racialised (class and gendered) apartheid inequalities and opulence". - Sapa

Email StoryPrint Story
BOOKMARK THIS STORY
Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser.

Use the links below to share this article on the social bookmarking site of your choice.

Read more about social bookmarking at Wikipedia - Social Bookmarking

muti



Watch IOLs latest videos on YouTube Join IOLs Facebook page Follow IOL on Twitter





     Online Services

Date Your Destiny
 
I'm a 30 year old man looking to meet men between the ages of 30 and 45.
 

     More Services

     More Finance/ Labour Stories

     Breaking News      Most Read Stories
      Top News Stories
      Top South Africa Stories
      Top Reads - Yesterday



     Entertainment      Motoring
'Twenty-five years feels right in my bones'
Radio station in a knot over wedding dilemma
Driver dies in Miley Cyrus tour bus crash

     Business
Obama touts Asia trade to create jobs
Michelin to build new factory in Brazil
Thousands of Spanish farmers protest low prices
Well-mannered Porsche - just built to race
Kia's latest baby - she's even smaller than a Picanto
Communist cousins in demand from behind the Wall
Amid Expo back in 2010 despite poor sales
Triumph recalls Sprint 1050 ST

     Travel
Berlin hipster hotel taps bygone spirit
River Plate reflect on the past
Still hope for the Garden Route
Marrying great music with fine food
Beaujolais nouveau hot in Japan
     Careers
For many, full potential goes unharnessed
Getting to grips with the transport industry
To be your own boss, believe in yourself first
Salary survey puts unstable economy into the equation
Development of child is key