WHITE MONOPOLY CAPITAL
Zuma again in the mood to stamp his mark on economics
President Jacob Zuma appears quite determined to give the phrase "radical economic transformation" his own particular flavour, writes Carol Paton
President Jacob Zuma has taken a keen new interest in economic policy. It is not for the first time that "radical economic transformation" will be the theme of the state of the nation address or the key ANC documents leading up to its national conference in December. There is, however, something different in the air this time; Zuma appears quite determined to give the phrase his particular flavour. At a January ANC policy workshop held to discuss and formulate discussion papers for the policy conference in June and the national conference thereafter, Zuma sat in the economic transformation commission. He contributed robustly, say those present. He criticised the paper under discussion — put together by the ANC’s economic transformation committee — for not being radical enough and in particular for its failure to address the continued domination of the financial sector by four large banks. He is also said to have made comments on the transformation of the construction sector and the ...
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