Some black professionals saw short-term interests and went with the flow.
“Only much later did they realise they were being sucked into a process that was corrupt, that was weakening black economic empowerment and the state, and in doing so there was further impoverishment of black economic empowerment.”
Ramaphosa said the actions of those responsible must not further undermine black empowerment or hold back transformation.
“We must not allow a climate where empowerment is viewed with suspicion. Where it is harder for black businesses to raise finances or struggle to transact with government. We must resist and refuse the calls to abandon the transformative policies and defer the task of broad-based economic empowerment.”
More than ever “we need to tackle empowerment with greater intensity and in the face of those who use the new weapon”.
Ramaphosa said the new weapon is the use of “lawfare" or the courts of law.