ZACP wants SOEs to be owned by citizens, each voter given R50k in shares
The recently formed Capitalist Party of South Africa - ZACP - wants State owned enterprises to be owned by South Africans with every registered voter holding R50 000 in shares, saying this is ‘true economic empowerment’.
“We are proposing, through the Capitalist Party, a new and radical approach. We are demanding that government ownership of the SOEs is handed over to the citizens of South Africa.”“The model has been carried out successfully before. When we had the collapse of communism in the Soviet Union around about 1989 a lot of the countries in Eastern Europe went this route in terms of their State Owned Enterprises in terms of where ownership was turned over directly to the citizens of their country.
“We have done a calculation of the net value of the SOEs based on the balance sheet they have to produce as part of their annual report and based on the calculations we will be in a position to award a minimum value of R50 000 per voter in terms of the value of all of the SOEs,” he said.
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