Cosatu has become the single most important impediment to the efforts of the ANC to lead a radical transformation of the economy, writes Thabang Motsohi FOR many people the past 20 years have been a period of lost opportunities characterised by mediocre progress on the economic front and unmet promises. On the contrary, claims the ruling African National Congress (ANC), there is a good story to tell.For the owners of capital, it has indeed been a period of unprecedented growth in their wealth because, for the first time, they had unrestricted access to global investment opportunities that were previously denied to them because apartheid South Africa was considered to be a pariah state and subjected to international trade sanctions.And today we have achieved the status of the most unequal society in the world because the top 10% experienced the fastest growth in their wealth, with the result that the wealth gap has widened.We have also experienced growing indications that the poor an...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now