SA does not need President Jacob Zuma’s "radical transformation" — it requires modernisation because the old economic practices are not working. This was DA leader Mmusi Maimane’s message to a crowd gathered at a rally in Cape Town on Monday to listen to his Workers’ Day address. What Zuma meant by "radical economic transformation", was "radical re-enrichment of a small elite including his friends, the Guptas", Maimane said. "We need to look at ways to create sustainable wealth. We can start by offering those who work on mines shares in these mines, and we can do the same for employees of our state-owned enterprises. "And if we truly want to modernise our economy, we cannot remain stuck in the era of industrialisation. We must focus on the information sector, and we must equip our youth to thrive in such an economy." Maimane said he was confident the ANC would be voted out of power in 2019. It was very likely that a coalition government would be formed. "This [Workers’ Day] public h...

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

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now