Picking apart Ramaphosa's strong words on 'radical economic transformation'

Deputy President Cyril Ramaphosa says the time for radical economic transformation (RET) is now.

He addressed an Economic Recovery Engagement Dinner organised by the Black Business council in Sandton on Wednesday night.

Ramaphosa explained that his understanding of RET is the deracialisation of the economy.

Those dismissing RET should sit down. The economic transformation of our country is non-negotiable. It's a national imperative.

Deputy President Cyril Ramaphosa

There is nothing abstract about RET. It is fundamentally about inclusive and share growth.

Deputy President Cyril Ramaphosa

Read: Economic transformation is non-negotiable

Political analyst Karima Brown says Ramaphosa's remarks are an attempt to reclaim the ANC's apparent stance of its discussion documents for its policy conference in June.

He's trying to reclaim the narrative around what he understands the ANC to be saying in its policy documents.

Karima Brown, Political Analyst and Talk At Nine Presenter

As you know the ANC is grappling with whether its economic policies that been implemented over the last 20 years.

Karima Brown, Political Analyst and Talk At Nine Presenter

Also read: Now is the time for Cyril to stand up And read: Ramaphosa needs to start campaigning now (if he wants to win)

The ANC is confronting its current economic policies and reflecting on whether or not they have helped alleviate inequality, unemployment and poverty, says Brown.

She says Ramaphosa's made a candid admission that the current economic policies are flawed using the highly contested phrase.

The deputy president also spoke about corruption and state capture, which Brown believes was a snub to President Jacob Zuma.

She looked at the subtext of his strong words in the context of contested ideas within the ruling party and the ANC's succession race.

Take a listen to extracts from Ramaphosa's speech and Karima Brown's analysis:


This article first appeared on CapeTalk : Picking apart Ramaphosa's strong words on 'radical economic transformation'


Recommended

by NEWSROOM AI
Read More
No democracy without privacy, explains Judge Dennis Davis

No democracy without privacy, explains Judge Dennis Davis

The need to protect privacy is linked go the autonomy of human beings and the constitutional rights to dignity and freedom.

This SA children's book teaches kids a powerful lesson on self-love

This SA children's book teaches kids a powerful lesson on self-love

"Obnoxious Naledi and the Poppysmic Fairy" is the story of a feisty 6-year-old girl who's learning new ways to have her voice heard.

[LISTEN] Here's what Eusebius loved and hated about Budget 2019

[LISTEN] Here's what Eusebius loved and hated about Budget 2019

'While the budget was honest, I feel for me and you as SA Inc remains in deep trouble' opines Eusebius McKaiser.

Key advice on how to be more productive at work

Key advice on how to be more productive at work

It's not an achievement to exhaust yourself or spend hours of overtime constantly in "crisis mode", says HR guru Lizette Bester.

Top reasons why Tito Mboweni's Budget will be one of SA's toughest to date

Top reasons why Tito Mboweni's Budget will be one of SA's toughest to date

Finance Minister Tito Mboweni will on Wednesday present what’s being dubbed the most difficult Budget speech in the past decade.

'Netflorist ad shouldn't be banned, but it's a piss-poor example of creativity'

'Netflorist ad shouldn't be banned, but it's a piss-poor example of creativity'

Show host Eusebius McKaiser discusses the Netflorist ad which won an advertising standards case about using racial stereotypes.

Popular articles
‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

The Money Show’s Bruce Whitfield interviews Stephen van Coller, CEO at EOH Holdings.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.

The last ten years were disastrous and catastrophic - Bonang Mohale

The last ten years were disastrous and catastrophic - Bonang Mohale

Mohale says the finance minister hit the right notes in his Budget Speech given the damage caused by the previous administration.