ENCA / 4 October 2017 - 3:01pm / African News Agency
JOHANNESBURG – DA leader Mmusi Maimane on Wednesday described the radical economic transformation policy of the ANC as “a poorly disguised extension of lucrative patronage politics”.
Maimane said the ANC’s definition of radical economic transformation was a way of legislating the replacement of one elite with another, to replace white mining tycoons with black mining tycoons and nothing more.
However, Maimane said the DA was not opposed to the handing over of shares in mining companies, saying that this had to benefit ordinary workers and their communities, not the wealthy elite.
“The way the ANC government uses the term – and the way it has been written into the new Mining Charter – Radical Economic Transformation is little more than a fig leaf for elite enrichment,” Maimane said.
File: DA leader Mmusi Maimane said on Wednesday that the ANC's Radical Economic Transformation is a way of legislating the replacement of one elite with another.
“It is a way of legislating the replacement of one elite with another. A zero sum game that changes the owners, but where ordinary workers and ordinary communities see no change and no improvement.”