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Constitution answers white monopoly capital issue - Mathews Phosa

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Mathews Phosa (Pic: Carin Smith)
Mathews Phosa (Pic: Carin Smith)

Cape Town - Blaming 'white monopoly capital' is not in line with the South African Constitution, businessman and former ANC treasurer general Mathews Phosa said on Thursday.

"The Constitution is clear that SA belongs to black and white - to all. That was the core of Mandela's message. And it extends to business as well. Money has no colour. Both black and white must be allowed to create jobs and wealth," he said at a leadership summit hosted by the University of Stellenbosch Business School (USB) and the Ukuvula Foundation.

The main reason for state capture, the Guptas and rampant corruption in South Africa is that MPs are not directly accountable to voters, in his view.

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