Baloyi : A Saddening Example of Corrupting Quest for Wealth |
Publication | Sunday Times |
Date |
2007-04-15 |
Reporter |
Mondli Makhanya |
Web Link |
Over the past few weeks I’ve found myself feeling some sympathy
for Danisa Baloyi, the self-styled godmother of black
economic empowerment.
Not that she needs any sympathy. She’s a big girl
and can take care of herself.
And I’m sure she wouldn’t appreciate
sympathy from a news man. In her eyes, we are the hyenas who mauled her and fed
on her carcass. So she would probably tell me to go jump into Bruma Lake if she
heard I was about to shed a tear for her.
Not that she deserves sympathy
from anyone. As the cliché goes, she made the bed that she is lying in.
Baloyi was a high-flying individual. In the world of black economic
empowerment she was a tower. Not only was she out there cutting deals and
building business, she was also involved in the intellectual side of economic
transformation. She sat on commissions that formulated strategies and direction
for BEE; she lent advice to new entrants to the business arena on how to survive
in the corporate world and sustain enterprises; and she was involved in outreach
initiatives beyond her immediate ambit.
She was a well-rounded South
African, with business nous, intellectual savvy, lots of energy and a strong
sense of citizenship.
No wonder then that blue chips and top corporates
beat a path to her door asking her to sit on their boards.
As fate would
have it, among those who beat a path to her door were Fidentia’s now notorious
corner-cutters. They embraced her and gave her a fat monthly cheque for sitting
on their board.
While she sat on that board, massive
looting was taking place right under her nose. The corner-cutters were
treating investors’ money like a personal buffet.
A large chunk of those
investors were pensioners, widows and orphans; and the poor beneficiaries of the
Living Hands Trust, a charity of which Baloyi herself was a trustee.
Like other Fidentia board members, Baloyi either looked the other way or
willingly slept through this looting frenzy. If she looked the other way or
slept through it, she was still alert enough to borrow R8-million from Fidentia
a dodgy transaction whichever way one looks at it.
Then it all fell
apart and she now finds herself imprisoned in her lovely garden, contemplating
her future.
Having initially been booted off the board of Absa an
embarrassment she could have saved herself by voluntarily stepping down she has
now had to step down from every other board she sat on.
And she is still
arrogantly protesting her innocence and steadfastly
refusing to acknowledge that she did wrong.
At some point she even went
as far as telling the Sunday Times that she is one of the
few law-abiding citizens left in this country.
Her prize quote,
however, was one she gave to Moneyweb before being forced off her pedestal : “My
position is that only guilty people resign. If I had been found guilty of
anything, I think I would have easily resigned. In fact, in typical Danisa
spirit, I would have called a press conference and said, ‘I made a mistake, I
did this thing wrong, and I’m asking you guys to forgive me.’”
Now, in
her quest to clear her name, she has acquired the services of spindoctor Dominic
Ntsele, the patron saint of shady causes. She joins
the likes of model citizens Brett Kebble and Schabir Shaik as a beneficiary of
Ntsele’s media-dribbling expertise.
So why do I find myself feeling sorry
for someone who is so determined to rubbish her own name?
Because it is
not so much about feeling sorry for her as an individual as about feeling sorry for what she
represents.
Baloyi, in the eyes of many out
there, represented the good that this country is about. And with her fall comes
that question one hears far too often these days: “Who is there left to trust in
this country?”
We are losing good people to greed.
Baloyi is not a
corrupt individual. She is just a victim of what President Thabo Mbeki last year
referred to as the “get rich, get rich, get rich” mantra.
“It is
perfectly obvious that many in our society, having absorbed the value system of
the capitalist market, have come to the conclusion that, for them, success and
fulfilment means personal enrichment at all costs and the most theatrical and striking public display of that wealth,”
Mbeki said in the annual Nelson Mandela Lecture.
The godmother of BEE
fell into that trap. In her quest for business success she didn’t so much step
onto the dark side as bite off more than she could chew.
She is by no
means an isolated case. Across our society many other good people are doing
exactly the same thing as we increasingly blur the line between right and wrong.
Elected representatives are getting involved in business, clearly in
violation of the ethos that those who enter public service are supposed to
espouse. Public servants ignore conflict-of-interest directives and sign deals
every other day.
The ruling party abuses its control
of the levers of state and ensures that friendly businessmen get
contracts in parastatals, government departments and municipalities. Businessmen substitute hard work with
palm-greasing.
The twin philosophies are: if it is not criminally
prohibited then it cannot be wrong and if I do not get caught then why should I
not do it.
And slowly, wrong becomes okay.
With acknowledgement to Mondli Makhanya and Sunday Times.