Ramaphosa remarked: “Radical economic transformation is about placing the economy on a quantitatively different path that ensures more rapid, sustainable growth, higher investment, increased employment, reduce inequality and the de-racialisation of our economy… Those who are dismissing this term should sit down, listen, smell the coffee … and realise that the economic transformation of our country is non-negotiable.
Just a month before the 2017 elective conference, the fog had somehow cleared. Assessing presidential contenders, the Business Day editorial had this to say: Business Day was not alone in its assessment. Just a few days before the conference, the editorial of The Mercury noted that “Ramaphosa stands for what has been termed a ‘New Deal’ … As one of the richest Seouth Africans, it is argued that he is out of touch with the people. He is plagued by his involvement with the Marikana massacre.
He writes: “South Africa’s unemployment rate now stands at 34.4%, up from 32.6% in the first quarter. Using the expanded definition of unemployment, which includes people who have been discouraged from trying to find a job, the figure stands at 44.4%, up from 43.2%. This number has been climbing steadily over the years and the situation has obviously been exacerbated by the Covid-19 pandemic.”
The ANC recognises that South Africa’s problems are structural and systemic. It argues “the legacy of colonialism and apartheid is still deeply entrenched in our society and in the structure of the South African economy.” A colonial economy cannot provide for the needs of a non-colonial society. No amount of finding scapegoats will address South Africa’s problems.
Conversely - ANC’s RET engagement under Zuma was a big victory for black elites like himself - nothing for the masses. As long as you wilfully turn a blind eye to the cultures of corruption, entitlement, mediocrity in almost every aspect of the government, whataboutism - FORGET.
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Delay for people progress and or social economic justice. Retreat does not mean surrender. Business comes last against people's lives. People will find refuge in the likes of EFFSouthAfrica, while RET recouping. Anyway, they all for common cause, Economic Freedom in Lifetime.
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It's a quarantee for perpetual inequality and somersault on addressing 300 years of oppression.