Im­moral road to nowhere

Finweek English Edition - - LETTERS -

I RE­FER TO Paul Hil­liard’s com­ment (Letters, 16 De­cem­ber 2010). I’m sick of this white at­ti­tude, where whites still be­lieve they’re still en­ti­tled to oc­cupy a priv­i­leged po­si­tion in our so­ci­ety. There’s been lit­tle change in the struc­ture of our so­ci­ety since 1994 and yet you have priv­i­leged id­iots like Hil­liard still fight­ing to keep that priv­i­leged. This at­ti­tude con­tin­ues to man­i­fest across cor­po­rate South Africa un­der the guise of black in­com­pe­tence. It’s the ilk of Hil­liard who will al­ways be­lieve blacks have a mo­nop­oly on in­com­pe­tence.

I wish to re­call as an in­vest­ment banker how Europe and the United States tried to ex­port SUV, sub-prime fund­ing struc­tures and sell­ing off of debt as gospel. Even un­der in­ter­ro­ga­tion of a port­fo­lio that was mainly junk, how adding 10% A-rated se­cu­ri­ties would make the en­tire port­fo­lio A-rated. I was shouted down at meet­ings in Absa for be­ing in­com­pe­tent.

At least the global fi­nan­cial cri­sis has clearly demon­strated in­com­pe­tence is by no means a priv­i­lege of our black peo­ple. White priv­i­lege ended in 1994 and many of the whites who left for a bet­ter life in Europe dis­cov­ered they were locked out of the main­stream and are now trick­ling back un­der the guise of com­ing to re­build SA. Truth be told, they weren’t com­pe­tent enough to suc­ceed abroad.

It’s time for us – black and white – to for­give but not for­get and forge a com­mon iden­tity and move this nation for­ward. Black peo­ple in SA sim­ply rolled their sleeves up and fought hard to trans­form our so­ci­ety. Imag­ine where we’d be if blacks just whined like Hil­liard?

Al­ways re­mem­ber black peo­ple have just as much right to op­por­tu­nity as white peo­ple in our coun­try. Un­less white peo­ple recog­nise that re­al­ity they’re cre­at­ing fer­tile ground for a sec­ond revo­lu­tion that’s be­ing hatched by the youth move­ment, where whites will have no rights to land in SA.

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