Cde sengozo,
 
Unless you have never been in procurement or close to deal making you will take 
figure at face value. The tender figure is that R100 million, what is net 
profit margin after you have delivered services, be it the bridge, road to the 
masses. You have to get employees paid, service provider or material providers 
including the sub-contractors. This are simple economic 1 analysis.  Hence is 
you say our people must just be reduced to deal with wjhat has become the norms 
these days R500 000 only is an insult. You must allow those that have the means 
to participate and you will be shocked after the tax man moves in that the 
profit in those millions might be a mere R1 million only.
 
Lets this debate be informed by the Minimum specifications and functional 
specifications that went out of bids document and not common sense.
 
I remain

>>> <[email protected]> 2/25/2010 11:04 PM >>>
CDES allow me to correct cde Abdullah in his view that let our people
enrich themselves as the likes of Oppernheimer did. Infact cde let me
agree with you that they got reach by crook. but I disagree that our
people must do the same or let us take the scenario that they get reach
with out breaking any law as it is claimed.We need to hav good
understanding of the term and expectation of "people shall share". to me
it is not sharing when you take R100m for you and give in the form of
donation small amounts of money (eg R50 000) or 50 wheel chairs or build a
4 roomed house for a poor family. We initiated BBBEE because we wanted
blacks to participate to the economy NOT few individuals. That is part of
elitism and class contradictions.

I totally disagree with centralisation of wealth to ANC members and thier
friends. We did not fight for the freedom of ANC but freedom of all South
Africans. We did not fight to be poor as much as we did not fight to be
rich.


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