From R1 Trillion BEE Flops to JSE Boom: Kanthan Pillay’s Radical Fixes for SA

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Why does SA’s economy reward the same 100 people while 60% of youth sit jobless? Kanthan Pillay—author of How to Fix South Africa—breaks down:

🔍 The BEE reckoning:
How Malaysia’s race-based policy failed (vs. Singapore’s meritocracy).
Prof. Gumede’s bombshell: ‘R1 trillion moved, zero mass upliftment.’

The fix: Shift criteria to poverty (not race) + Tungela Mine’s mentorship model.
🚗 Road Accident Fund scandal:
Why R4bn debt proves state shouldn’t manage money.

Pillay’s solution: Privatize it (like pre-1994 third-party insurance).

📈 Hidden wins:
JSE’s 20% growth (why your pension’s safer than you think).
Fuel price cuts + interest rate drops = more wallet breathing room.
💡 ‘Stop outsourcing change to corrupt politicians. Fix starts with us.’
4 Jun English South Africa Business · Non-Profit

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