ECONOMY
XOLISA PHILLIP: Where lurks this radical economic transformation?
It is the second week of April 2017 and SA is processing the aftershocks of the midnight cabinet reshuffle. On this evening, Wednesday April 19, Deputy President Cyril Ramaphosa is giving the keynote address at a Black Business Council (BBC) dinner. The Hilton Hotel in Sandton is a hive of activity and heightened security — the place is teeming with armed security and the usual blue-light brigade. There is no mistaking that a VIP is in the building. Ramaphosa delivers his speech, peppered with the phrase du jour — "radical economic transformation". The deputy president warns those who are not in the know that they must "wake up and smell the coffee". There is a chuckle or two and lukewarm applause. He finishes talking, exits the stage and food is served. The guests tuck in, after which a question-and-answer session follows. The guest of honour takes to the podium once more, flanked by BBC president Danisa Baloyi and the lobby group’s general secretary, George Sebulela. A woman stand...
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