Moeletsi Mbeki challenges notion that SA economy is controlled by whites

According to Moeletsi Mbeki, the argument that whites control South Africa's economy is a thing of the past.

Mbeki was in a panel discussion on protecting democracy at the Franschoek Literary Festival over the weekend.

702's Stephen Grootes (standing-in for John Robbie) spoke to him regarding his comments.

Listen to the conversation below:

We created a social structure of South Africa which we think reflects how South Africa operates.

Moeletsi Mbeki, political economist

At the top of the society is what we call the elite, which controls the economy and also owns the business and the politics. These two elites are made up of 105 000 people.

Moeletsi Mbeki, political economist

There's quite a sizeable number of black people who are the economic elite, they earn R50 000 a month and above. That's the criterion used.

Moeletsi Mbeki, political economist

We come from an economy that was predominantly in mining and agriculture. That was the colonial economy.

Moeletsi Mbeki, political economist

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