The ANC Billionaires: Big Capital's Gambit and the Rise of the Few'We were talking about the rise of Japan, about Ronald Reagan's Star Wars ... globalisation, technology. And they were still banging on about the Freedom Charter.' – Anglo American's Michael Spicer on the ANC in the mid-1980s. In 1985, a group of white South African business leaders, led by Gavin Relly, the executive chairperson of Anglo American, travelled to a game lodge in Zambia to meet with the exiled ANC leadership under Oliver Tambo and Thabo Mbeki. This visit set in motion a coordinated and well-resourced plan by big business to influence and direct political change in South Africa. In The ANC Billionaires, top-selling author Pieter du Toit draws on first-hand accounts by major roleplayers about the contentious relationship between capital and the ANC before, during and after the country's transition to democracy, and shows how the liberation organisation was completely unprepared to navigate the intersection between business and politics. He also ties the rise of the new elite – including Cyril Ramaphosa, Patrice Motsepe and Saki Macozoma – to the ANC, a party of government and patronage. |
Contents
South Africa burning | |
Not crossing the Rubicon | |
MarxistLeninists and fears about the | |
Big capital starts planning the future | |
Reform accelerates | |
Return from exile | |
HARVEST 1996 to present day | |
The origin story of the ANC billionaires | |
Cyril Ramaphosa | |
Vusi Khanyile | |
Saki Macozoma | |
Patrice Motsepe | |
Conclusion | |
References | |
Capitalists and comrades | |
Brenthurst and meeting Oppenheimer | |
Living in the real world | |
Ready to govern | |
The left loses its lustre | |
Betrayal and the end of the | |
The new South Africa accepts new rules | |
Endnotes | |
Acknowledgements | |
About the Book | |
About the Author | |
Imprint page | |
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THE ANC BILLIONAIRES - Big Capital's Gambit and the Rise of the Few Pieter H du Toit No preview available - 2022 |
Common terms and phrases
12 April 16 July 18 March Accessed 15 July ANC’s Anglo American apartheid apartheid government assets Author’s interview Bank became big capital black economic empowerment business leaders businessmen cent chief executive Cosatu country’s Cyril Ramaphosa democracy democratic Doug Band economic policy empowerment deals established exile finance Freedom Charter going government’s Ibid interview with Jay interview with Jürgen interview with Michael interview with Theuns interview with Trevor investment Jay Naidoo Jeremy Cronin Johannesburg Johnnic Jonathan Ball Publishers Jürgen Kögl leadership liberation movement Lusaka macroeconomic Mail & Guardian Martin Kingston meeting Michael Spicer mining minister National nationalisation negotiations Nelson Mandela Oppenheimer organisation party Patrice Motsepe political president programme Rand Relly role SACP Saki Macozoma Sanlam SARB scenarios Shanduka shareholder social South Africa Sunter Tafelberg Tambo Thabo Mbeki Thebe there’s Theuns Eloff Trevor Manuel unbanning Union Vusi Khanyile wanted Zuma