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
Go1.com offers end-to-end training for staffers across fields, across the world

Go1.com offers end-to-end training for staffers across fields, across the world

An e-learning platform that gives clients access to self-developed, user-friendly training content usable on any device.

Discussion: Deconstructing tribal identity in a modern world

Discussion: Deconstructing tribal identity in a modern world

EusebiusMcKaiser and guests look at the history of fixed and fluid 'tribal' identities and how these inform contemporary politics.

Public slams Shabangu over comments on abuse, others say she was misunderstood

Public slams Shabangu over comments on abuse, others say she was misunderstood

Minister Susan Shabangu was responding to questions by eNCA, after Karabo Mokoena's funeral this month.

How to use your envy to your advantage (and why it's different from jealousy)

How to use your envy to your advantage (and why it's different from jealousy)

Behavioural psychologist Dr Helgo Schomer says envy has the potential to be constructive, if it is used as a tool for motivation.

Gordhan catching Minister Brown in the lies behind Molefe's return - analyst

Gordhan catching Minister Brown in the lies behind Molefe's return - analyst

ANC MP Pravin Gordhan grilled Minister Lynne Brown over Brian Molefe's re-appointment at Eskom saying several things don't add up.

Roger Moore has died, age 89

Roger Moore has died, age 89

Listen to Roger Moore opening up to CapeTalk's Melanie Verwoerd about his life, acting and being James Bond.

Popular articles
Last chance for Spur's 2-for-1 burger special this Monday

Last chance for Spur's 2-for-1 burger special this Monday

Monday (March 27) is your last chance to sink your teeth into the popular burger special which Spur will discontinue from April.

Budget 2017: DA hoped for spending cuts, not tax increases

Budget 2017: DA hoped for spending cuts, not tax increases

The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

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?

5 reasons why the tourism industry is sceptical about the latest numbers

5 reasons why the tourism industry is sceptical about the latest numbers

The tourism industry is questioning the veracity of the surprisingly upbeat tourism figures and the timing of their release.