Johann Rupert: Investors don’t invest where people call each other comrades
Johann Rupert says BEE is not working in South Africa and investors don’t like investing in places where people call each other comrades.
Multi-millionaire Johann Rupert says South Africa is struggling to attract foreign investment because the country has created a hostile environment for businesses.
JOHANN RUPERT: ‘BEE IS NOT WORKING’
Daily Investor reports that Rupert took aim at South African politicians by revealing that some political parties’ racism makes it difficult to work together.
“Investors do not like investing in places where people call each other comrades. These are not places where Western capital wants to invest,” said the businessman.
He added that the state cannot supply water, the railways have collapsed, and there’s no guarantee of the safety of employers.
When he was challenged about [his company] Remgro only having level 7 BEE credentials, Rupert added:
“I started giving capital to black economic empowerment in 1979, before you were born. I am committed to BEE. “
The multimillionaire also revealed that BEE is not working in South Africa as too many people are only in it for a ‘free ride’. “You know who they are.”
SOUTH AFRICANS REACT: ‘IT’S THE END OF THE ANC’
@ImOuttaNames2: “Why doesnt Johan Rupert lead by example and move himself and his money out of South Africa?”