Showing posts with label Trust Funds. Show all posts
Showing posts with label Trust Funds. Show all posts

Sunday, November 25, 2012

Young White People Discuss Trust Funds - Young Black People Repay Student Loans


Siphumelele Zondi
@SZondi

Recently I was in a pub in Johannesburg’s leafy suburbs of Parkhurst. My friend and I were the only two black people there and everyone else inside this popular pub was white. I overheard a conversation taking place across from us where young white people were discussing how trust funds their parents had set up were helping them get started in life. Another also spoke of the property his parents had bought for him.

I later had a conversation with a white friend of mine who acknowledged that a lot of benefits white people have come as a result of apartheid and other policies that existed before apartheid was formalised which ensured that black people would be near-slaves for white people. My white friend mentioned that he has a grandfather who owns a fruit farm in the Eastern Cape and knows that those that work on the farm are uneducated black people, who are uneducated because policies of the past made sure of that. He mentioned that his grandfather would never find labour that cheap if he was in Europe as that kind of exploitation would never happen there.