ONKGOPOTSE JJ TABANE: Breaking down the myth of radical economic transformation
Economic transformation debate is welcome, but the ANC has been saddled with transformation since the days of the Reconstruction and Development Programme
President Jacob Zuma has inadvertently started a great debate about radical economic transformation. This is a debate that is way overdue. Unfortunately there is nothing new in what he himself is proposing or any of the choir behind his noise. The question of transforming the economy has been saddled with the governing party since the days of the Reconstruction and Development Programme (RDP). The RDP in itself should probably be considered to have far more substance in its articulation of what needs to be done than any of the latter day noises being made by Zuma and his choir. The problem of the ANC has never been policy. Most of the policies it has adopted, including the constitution, are excellent and well thought out. The problem of the ANC is translating that policy into action. Concrete things that can make the policy not sound so hollow.A closer look at one such cross-cutting economic policy is black economic empowerment (BEE), which reveals that the problem with it was never...
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