ANCYL-led Zuma bloc offers bold opposition
President Jacob Zuma’s supporters come back to fight in the economic transformation commission
President Jacob Zuma’s supporters mounted a major fightback in economic commissions on Monday, after being defeated in the early rounds of the ANC’s policy conference. They came back to fight in the economic transformation commission, led by the ANC Youth League (ANCYL). The four hot topics under discussion were land redistribution; the mandate of the Reserve Bank; white monopoly capital; and the Mining Charter. One of them, the issue of white monopoly capital, had already been defeated in commissions by the afternoon. During the commission on strategy and tactics, the majority of ANC delegates supported a motion that the party should distance itself from the term "white monopoly capital". The term has faced scrutiny since it emerged in leaked e-mails that it was created as a distraction from allegations of state capture made against the controversial Gupta family. Global public relations firm Bell Pottinger stands accused of popularising the phrase "white monopoly capital" to refoc...
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