Deputy President Cyril Ramaphosa tried to allay fears about radical economic transformation on Tuesday, saying it was the intensification of ANC economic policies. Ramaphosa told the business community at the Gordon Institute of Business Science’s forum on leadership that the policy and term that were coined by the government in 2014 were necessitated by the country’s history of dispossessions. Although Ramaphosa seemed eager to explain the importance of radical economic transformation, he acknowledged the term had been hijacked and abused by some in the public discourse. "We now know some highly paid PR specialist contrived a plan to use terms such as ‘radical economic transformation’ and ‘white monopoly capital’ essentially to launch a publicity offensive in defence of their clients, and we know who those clients are," he said. "In the way of their clients’ interests we are presented as being opposed to radical economic transformation and that we are in the interest of white monop...

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, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.