Using the term "radical" in discussions about economic transformation is unhelpful and should be seen as politicking, outgoing National Treasury director-general Lungisa Fuzile said Tuesday. Talk of radical economic transformation has dominated public discourse in recent months. Opposition parties and some analysts charge that the term actually means "radical economic looting" of state resources. Speaking at the distinguished speakers programme which was hosted by the University of Cape Town Graduate School of Business on Tuesday evening, Fuzile said economic transformation was necessary but using the word "radical" was problematic. It forced those backing the concept to waste time explaining the term "radical" rather than the nuts and bolts of economic transformation, "because people do not like radical things". "My interpretation of radical is that it’s just politicians. By the way those who have studied marketing will know that just by adding new to a product how it gets perceive...
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