- Billionaire Johann Rupert recently got into hot water after an interview in which he said black people waste their money on fancy cars
- Rupert said he meant all young people, not only black youth, do this
-There are several other things that Johann said about the South African economy that is considered relevant
Johann Rupert made news headlines when he was quoted as saying that black people waste their money on BMWs and clubs rather than saving it.
He has since tried to clear the air and said he wasn't referring to only black South Africans, but the youth of the country in general.
Other than this remark, Johann had a lot to say during the interviewed in which he managed to that ruffle so many feathers.
As reported by News24, Johann also discussed the country's economy and what he would get up to if he was president of South Africa.
Briefly.co.za gathered the relevant information and made a brief list of everything Johann said that had some weight to it.
1. South Africans need access to networks
I think people are good enough to make it on their own if they are given an opportunity and a fair chance.
The billionaire went on to say that if young professionals could be brought together by PowerFM, he might get some business people together and have a networking event.
I have no problem as long as people understand there are no overnight successes, no tenderpreneurs.
2. South Africa's education system needs improvement
My biggest concern is, we are not training people properly for a new economy," he said. "The schooling system is falling behind.
3. SA voters are not idiots
The last time I engaged with government was with President Mbeki. He does not hate former president Jacob Zuma, but he hates what he allowed to happen to the country.
All politicians for the last 10 years treated voters like fools. Voters are not fools, they are highly intelligent.
4. Corruption stole from the very poor
What really irritates me, the corruption did not steal from us in the room… Corruption stole from the very poor.
Johann added that if he became president he would take away elections, which is why he's not involved in politics.
5. Investor confidence needed
The billionaire stated if he was president, he'd make investor confidence a priority. He suggested that the government stick to the rules. In his experience, the government often changes deals, which isn't good for business.
6. SA let Mbeki down
We let President Mbeki down because he created a perfect scenario for business to invest. But you know what – I think we could not believe our luck, we should have invested more from the private sector during that period… Before foreigners invest, they look at us.
7. Government should be trusted by businesses
We need a little bit of love from the government, and not being told you are white monopoly capitalists.
Johann added that trust must come from both sides.
8. Small and medium enterprises can actually create jobs
Johann said that people believe small businesses can't create jobs. He doesn't agree. He feels small and medium businesses have the right potential.
9. He's not father Christmas
When asked what he does for black entrepreneurs, Johann said he's not father Christmas.
I'm not father Christmas that can look after the whole country. I've been luckier than I thought I would, I made more money than I thought I would and that I often think I deserve, and my mother taught me to share, and I really give away a lot more money than I spend on our family. Quite frankly, I don't need lessons in sharing, because I know what I do and luckily the people close to me know what I do.
10. Proper redistribution of land is needed for peace in SA
I don’t think we will ever have peace unless there is a proper redistribution. I wouldn’t say land - I would say property. Let’s not fall into the trap of Zimbabwe and Venezuela. Everything looked good on paper but the game is played on grass.
Here's the interview:
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