We can't treat the matter of black economic empowerment as just the redistribution of existing wealth. It really has to focus on new investment, on growth, on development of employment and so on and so on.
I think the critical point, really, is that we need to focus black economic empowerment more on the creation of new wealth rather than on these big deals that have been characteristic of this process in the past, of people going to banks, borrowing a lot of money, buying this and when the shares don't perform very well, the shares go back to the banks, because there's other people who own this anyway. I think we need to re-focus it so that it really does impact on growth, new investment, new employment and a general, better spread of wealth in South Africa.
That is one of the reasons why we have raised this matter about the need to focus quite sharply on the function of local government, but also on the resourcing of local government. Because it may very well be that we say to local government, you have got to run an indigent policy.
The people who steal cars, there's somebody there who is the master, who orders the cars, or just takes a car when it is brought? I am saying the law enforcement authorities have a pretty good idea about a lot of these kind of persons. We want it to pool all that knowledge and all those resources, so that they focus on these people.
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