Thabo Mbeki Quotes
I think the critical point, really, is that we need to focus black economic empowerment more on the creation of new wealth rather than on these big deals that have been characteristic of this process in the past, of people going to banks, borrowing a lot of money, buying this and when the shares don't perform very well, the shares go back to the banks, because there's other people who own this anyway. I think we need to re-focus it so that it really does impact on growth, new investment, new employment and a general, better spread of wealth in South Africa.
Mbeki, Thabo. "Interview with President Thabo Mbeki." South African Broadcasting Corporation, 2004.
Thabo Mvuyelwa Mbeki is a South African politician who served as the second president of South Africa from 16 June 1999 to 24 September 2008. On 20 September 2008, with about nine months left in his second term, Mbeki announced his resignation after being recalled by the National Executive Committee of the ANC, following a conclusion by judge C. R. Nicholson of improper interference in the National Prosecuting Authority (NPA), including the prosecution of Jacob Zuma for corruption. On 12 January 2009, the Supreme Court of Appeal unanimously overturned judge Nicholson's judgement but the resignation stood.