The best part of this excellent expose needs to be repeated again and again, as follows:
"If we continue to conceptualise the role of the state as the beginning and end of economic progress, placing so-called “transformation” as it's centrepiece and focus, and seeking to achieve it through the reallocation of old wealth, we would certainly eventually radically alter the racial composition of ownership of our country's economy. Except, there won’t be much left to own. We will exchange a white elite with a black elite and have lost the country in the process."