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Vol 38 No 6

Published 14th March 1997

South Africa

Comrade shareholders

Union leaders are following the capitalist road to black empowerment

In a revolutionary mix of ideology and pragmatism, black trade unionists are invading the fringes of white capitalist power. Once the unions led the way to black empowerment through politics. Now – with a little help from the financial establishment – the unions are buying real assets. After the elections of 1994 it seemed that the unions would lose their best leaders to government offices. The destination now is not parliament but business.

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