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Radical economic transformation is the current mantra within the ANC and among some within the national and provincial governments that it leads. That has been the case since President Jacob Zuma latched onto the concept and gave it heightened prominence during his state of the nation address in Parliament in February. Until then, that phrase belonged to Julius Malema’s EFF which, from its inception, has consistently bemoaned the slowness — some say the lack — of thoroughgoing transformation in the country’s economy. Generally given to populism and outmoded socialist thinking, the EFF has insisted on the implementation of the socialist policies captured in the ANC’s freedom charter upon its adoption in Kliptown, Johannesburg, more than six decades ago. Deeply aggrieved about the continuing racial inequity in the economy, the EFF has been steadfast in its determination to apply 1950s remedies to the challenges of our times, when the advocated economic policies — such as wholesale nat...

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