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So what?

26 November 2004 Angelo Coppola

A story receiving a lot of attention is the sale of 15% of Telkom by Thintana to a consortium which includes the company's previous regulator, Andile Ngcaba, and a senior member of government, Smuts Ngonyama.

Shaun le Roux - at Alphen Asset Management – says understandably it is difficult for these members of the "inner circle" to watch their previous colleagues raking in billions by being at the forefront of the major empowerment transactions to date.

However, we are staring a dangerous precedent in the face. The bottom line is this: in a democratic, transparent, non-corrupt society you choose whether you are in the public or private sector.

If you choose government, make peace with the fact that you are serving your people and not your bank balance.

Unfortunately, when fledgling democracies like ours look to the US, as the world's leading civilised nation, for guidance in how not to mix business and politics we may come away a bit confused.

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