In a series of speeches over the past year, President Jacob Zuma has hardened his position on the economy to arrive at a vision of radical economic transformation that is likely to be the key policy item at the ANC conference this weekend. It has also become the main policy plank of Zuma's preferred successor, Nkosazana Dlamini-Zuma, who is running on a slogan of "Radical economic transformation. Now." The speeches of the two leaders offer a guide for new parameters of transformation. Radical economic transformation is state-led (not private-sector driven as the first wave of black empowerment was) and it drives towards hegemony - black people must be in control, not in shared and marginal stewardship.Earlier in her campaign, the candidate also laid out a blueprint of mooted changes to the independence of the South African Reserve Bank. No indigenous control In a speech last year at a cadre forum in Pietermaritzburg, Zuma said that everywhere in the world local people were in charge...

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