President Jacob Zuma may be the initiator of the newly introduced Radical economic transformation, but, there are indications that his deputy understands the concept and best ways to achieve it better than he does.
President Jacob Zuma introduced the radical economic transformation policy in February 2017 and this had since then become the slogan carried on by ministers and departmental heads.
The phrase has in fact entered South Africa’s daily lexicon with many knowing nearly nothing about the concept and the few who does only link it to black land grabs.
In a recent comment on the importance of achieving this policy to ensure a positive U-turn of the nation’s economy, President Jacob called for land issues to be resolved within the realm of the country’s laws and constitution.
Relating the land question to the nation’s economy, Zuma said poverty and inequality were products of land loss and must, therefore, be addressed within the confines of the law.
Zuma said it was “more than correct” to apply policies that were “radical, revolutionary and changing the status quo economically”.
While Deputy President agrees with these facts, he believes the issue must be handled in a way the nation’s wealth will not further be moved into the hands of the few wealthy citizens.
In his speech at an ANC provincial policy conference in Stellenbosch, Cyril Ramaphosa received a loud cheer from his audience when he pointed out three main points the Radical Economic Transformation must adopt. They include:
- That the Radical Economic Transformation must be about inclusive growth, not enriching “certain families”. By this, the presidential hopeful could be referring to those mentioned in the controversial state capture reports- including the President Jacob Zuma with the Gupta family and the so-called Zupta puppies.
- The radical Economic transformation must see massive job creation and even distribution of wealth. He said “Policies that do not help us create more jobs should be reviewed, policies that do not help us to address the issues of poverty should be reviewed and revised.
- Radical Economic transformation should reduce corruption to a substantial rate. The Deputy believes that if the policy is well adopted, it should lessen political involvement in the economy and reduce cronyism and unethical ‘tenderpreneurship. He slammed political leaders officials who wrongly impact the nation’s economy through their ill behaviours and selfish acquisition of wealth belonging to the masses.
“Where we are right now our movement is not in a good place. Our country is not in a good place. And now here is where the issue really is important‚ as we sit here‚ this mighty glorious African National Congress‚ it gives us the platform to voice our views on behalf of our people. It gives us the platform to come up with proposals to see how we will get out of this situation that we are in.” Cyril Ramaphosa reportedly said.
The political leader who noted that the country is losing resources because of the wrong people occupying important positions in the government sectors warned the leaders that their bad behaviours affect the people of South Africa…
In a nutshell, Ramaphosa said the Radical economic transformation explicitly means that the economy must change. And any substantive change in the South African economy must be towards a free market