Outcome of the ‘white monopoly capital’ fight is a bloody nose for the Zuma faction
It is by no means a predictor of the ANC leadership race, but it does show the Guptas are less able to manipulate sentiment within the party
It boiled down to one word in contention — a very loaded word: "White". Supporters of President Jacob Zuma and his preferred successor, Nkosazana Dlamini-Zuma, waged a battle at the ANC national policy conference to brand the enemy of the ANC and economic transformation as "white monopoly capital". Even though they lost that battle‚ Zuma’s supporters still tried to make a last challenge on the matter on Wednesday morning. Zuma himself has owned the phrase "white monopoly capital"‚ calling it "our strategic enemy". "We are in a fight‚ and our strategic enemy remains white monopoly capital. We cannot say because we are politically free‚ then that is the end … even if we starve to death? We can’t. We must complete the liberation as the ANC strategy document said years ago‚" the president said at the Umkhonto we Sizwe Military Veterans Association elective conference last month. The president and his supporters believed ANC members had bought into the narrative and that there would be p...
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