What is RET and what does it want? SA's Radical Economic Transformation faction explained | Business

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Despite its vagueness, the RET has become central to the contemporary ANC. It is destined to remain a powerful bloc within the party. For that reason, it needs to be understood, writes Roger Southall. | News24_Business

Fourth, the RET faction is a strong supporter of state enterprises. Although the faction would not object to the transfer of state enterprises into black hands, privatisation is feared as likely to result in acquisition of state businesses by white companies.

In any case, the RET faction is heavily embedded within the state owned enterprises. Their operatives allocate valuable contracts to black" " – business people who feed on government contracts. By implication, it is opposed to all versions of"structural reform" touted by the Ramaphosa government and lobbies attached to"big business".Trying to work out precisely what the RET faction wants is difficult because it has . However, three problems stand out: First, it remains unclear what the RET faction would put in place of the existing constitution.

Should the constitution be reworked, and if so, how? What are the specific flaws in the constitution as it stands? For the moment, all we are left with are generalised attacks on the judiciary for individual judgements the RET dislikes, demands for changes of the expropriation clause in the constitution, and so on.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.

 

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_Business Why care about the fighting in ANC let them fight and destroy they anc cause its not the anc of mandela and those citizens should no longer sit back as citizens u got the right 2 remove then 4rm government we sit back and accept just like in apartheid we allow our own suffering

_Business Eskom announces stage5 loadshedding. There is no economy for RET to take place. You have ruined the economy with your corruption

_Business Stop lies ,RET is one of nonsense things you will ever find in South AFRICA

_Business RET is a bunch of corrupt looting clowns otw to Jail.

_Business Powerful bloc my a... 🤡🥳🚮

_Business Misleading analysis... RET is dead. If RET was still alive, Ace Magashule, Jacob Zuma and associates wer going to have good numbers on nomination ballots from branches

_Business Nope Roger don't write while drunk, RET's motivation is money nothing else. The minute they can't access the public purse they seize to exist. Your article is trying to make RET look like it's a group fighting for legitimate issues. They are fighting to stay out of jail.

_Business Aa did not work. Bbbbbbeeeeee did not work. Ret will not work. The pot is getting smaller. The comrades are multiplying...

_Business Ag Flip, what is Kareltjie on about this time?

_Business Don't lie to RET group.Inside ANC they are just voting cows during national elections.They lack political courage and strategy to leave ANC.They are very weak.They should learn one or two things from Julius Malema.

_Business It's a split policy like EFF ,economic freedom fighters its a policy of the ANC and RET ,radical economic transformation, its a policy of the ANC, so the writer is wrong on the article.

_Business Ret criminals who destroyed all SOEs together with the Gupta criminal pigs, tsek

_Business Who wants to be associated with the RET cabal; Jacob Zuma, David Mabuza, Ace Magashule Supra Mahumapelo, Carl Niehaus, Tony Yengeni Malusi Gigaba, Panyaza Lesuf; Nkosazana Dlamini Zuma, Duduzane Zuma; Andile Lungisa; Fikile Mbalula, Zweli Mkhize Paul Mashatile, Arthur Frazer etc

_Business It's a lot more likely to remain a powerful bloc outside the party.

_Business The Ret is anyone not wanting to be held accountable and fearing arrest for crimes.They have no policy behind them unless stealing is a policy.

_Business 🤡🤡🤡

_Business Those who still want to learn more in politics or pursue their studies towards political Science must do so but distance themselves in people like these so called RET, ngababhukuqi mbuso.

_Business Now people are forced to negotiate with thieves. Okay

_Business Love the Carl and RET....good people....fact

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