South Africa's Former Freedom Fighters Get Rich

Article (Channel News Asia)

They once fought apartheid, but today they're getting criticized for using "black empowerment" laws (what we call set-asides) to become multi-millionaires. Firms want recognizable black South Africans with political contacts to hold interests in their companies so they can benefit from government contracts while complying with the law. We don't believe that affirmative action, especially for the few, will improve South Africa's prosperity. Increasing mass access to education and reducing barriers for small entrepreneurs would do far more.