The ANC Billionaires: Big Capital's Gambit and the Rise of the Few (Unabridged)
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In 1985, a group of white South African business leaders, led by Gavin Relly, the executive chairperson of Anglo American, travelled to a game lodge in Zambia to meet with the exiled ANC leadership under Oliver Tambo and Thabo Mbeki. This visit set in motion a coordinated and well-resourced plan by big business to influence and direct political change in South Africa.
In The ANC Billionaires, top-selling author Pieter du Toit draws on first-hand accounts by major roleplayers about the contentious relationship between capital and the ANC before, during, and after the country’s transition to democracy, and shows how the liberation organization was completely unprepared to navigate the intersection between business and politics.
He also ties the rise of the new elite–including Cyril Ramaphosa, Patrice Motsepe, and Saki Macozoma–to the ANC, a party of government and patronage.