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:

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Why 'I believe you' are important words for sexual assault survivors

Why 'I believe you' are important words for sexual assault survivors

Not In My Name's Siyabulela Jentile says supporting sexual assault survivors could potentially help prevent any further abuse.

Blessee's taste of the 'champagne lifestyle' told in new book

Blessee's taste of the 'champagne lifestyle' told in new book

This is the story of Bontle Tau, a woman who exploits her looks to access material success and juggles her three main 'blessers'.

Former Eldos drug user opens up about losing her kids and getting clean

Former Eldos drug user opens up about losing her kids and getting clean

Gugs Mhlungu spoke to a former drug addict and the department of social development about the scourge of drugs in communities.

Yho! Callers share their nightmare cinema and theatre-going stories

Yho! Callers share their nightmare cinema and theatre-going stories

Listeners phoned in to share some of their unpleasant encounters while out to a enjoy a film or play.

JSE-listed 'Cloud Atlas' helps investors navigate African markets

JSE-listed 'Cloud Atlas' helps investors navigate African markets

Cloud Atlas is a young investment firm that's devoted to boosting investment and growth in African financial markets.

Mental illness tends to manifest at varsity student age - psychiatrist

Mental illness tends to manifest at varsity student age - psychiatrist

Africa Melane hosted guests in studio for a discussion on tertiary students who are battling depression.

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

[WATCH] New adapted national anthem by students

[WATCH] New adapted national anthem by students

Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?