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‘Afro capitalist at the helm’ – The Economist profiles Herman Mashaba

Capitalist CrusaderBlack Like YouJohannesburg’s new mayor Herman Mashaba was profiled in The Economist recently.

Mashaba is the founder of Black Like Me, the author of the books Black Like You and Capitalist Crusader: Fighting Poverty Through Economic Growth, and former chairperson of the Free Market Foundation.

He tells The Economist that being mayor was the last job he ever wanted, but was won over by the Democratic Alliance, the party he joined in 2014 after becoming “frustrated with the ANC’s corruption under President Jacob Zuma”.

Read the article:

Mr Mashaba, 57, calls himself the “Capitalist Crusader” (the title of a book he published last year). Among South African politicians he is a rare breed: a scrappy self-made millionaire, a libertarian and a capitalist in a country so left-leaning that even the finance minister is a former member of the communist party. Mr Mashaba, who hates red tape and statism, decries the “culture of dependency” that has developed under the African National Congress (ANC), which has ruled since the first democratic elections in 1994. He criticises the party’s racial affirmative-action policies and is against a proposed national minimum wage, calling it “an evil system” designed to prevent the poor from advancing. “The ANC’s corrupt patronage policies have killed entrepreneurship,” he says.

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