Over R1 Trillion Looted Through BEE — South Africa’s Greatest Political Scam? !!

A bombshell revelation has shaken South Africa’s fragile economic credibility to the core. Professor William Gumede, one of the country’s most respected governance scholars, has exposed what many feared: over R1 trillion has been transferred under the banner of Black Economic Empowerment (BEE), and almost all of it has landed in the pockets of fewer than 100 politically connected individuals.Yes — R1,000,000,000,000. Not to uplift a nation, but to enrich a recycled elite.

“BEE only benefits a very small group — politically connected, linked to the ANC, linked to the trade unions… and the same people are re-empowered again and again,” said Gumede in an explosive public interview. This is not transformation. This is state-sanctioned looting under the guise of empowerment.

Empowering the Powerful — The BEE Deception Unmasked

While millions of ordinary South Africans hoped BEE would correct historical injustice, the ANC and its cronies were building a closed economic aristocracy, handing out stakes in state tenders and companies to a loyal inner circle. These so-called “empowered” figures didn’t rise through merit — they were installed, protected, and recycled from boardroom to boardroom like pawns in a rigged game. BEE was never about black empowerment. It was about ANC empowerment, and more accurately, the enrichment of select thieves cloaked in revolutionary slogans.

This damning revelation confirms what economists, business leaders, and disenfranchised citizens have whispered for years: South Africa’s empowerment model empowers no one but the ANC-connected class. A Devastated Nation: No Justice, No Jobs, No Growth. South Africa today suffers from soaring unemployment, crumbling infrastructure, rampant crime, and hopeless youth. Meanwhile, the BEE billionaires — nearly all of them ANC-aligned — enjoy elite status, luxury homes, and immunity from accountability.

This isn’t an accident. It’s the result of a political design — a system built not to heal but to exploit, not to empower but to enslave, not to share but to steal. The same group is “empowered” repeatedly, while millions rot in poverty. How can that possibly be justified in a democracy?

The Moral Bankruptcy of the ANC

The ANC once claimed to stand for justice. Today, it stands accused by its own intellectual allies of overseeing one of the most cynical wealth-grabs in modern African history. If “empowerment” means billion-rand transfers to under 100 people — most of whom are repeat beneficiaries — then South Africa is no longer a democracy. It is a captured state under economic apartheid, run by political bandits. This is not empowerment. It is daylight robbery, orchestrated from within government halls, funded by the suffering of the masses, and protected by a network of spin, censorship, and silence. !!