ANC leaders want to buy Telkom

'Is this good?' asks Hellkom (which doesn't support permalinks). No, it is not good! It's terrible. It's a caricature of the ANC's theories about 'empowerment'.

Look, the thing is this: you don't have to prove corruption; conflicts of interest need not be corrupt in order to be totally irregular and out of order. Smuts Ngonyama and Andile Ncaba should have nothing to do with buying any bits of Telkom, especially when the bits they plan to buy have been bought for them by Telkom itself in its notorious self-funded buy-back scheme. This thing just reeks. Ngonyama and Ncaba may not be corrupt, but how can we possibly trust them?