South Africa: The ANC will not say ‘radical economic transformation’ – Mmamoloko Kubayi

By Carien du Plessis
Posted on Tuesday, 14 June 2022 16:09

Mmamoloko Nkhensani Kubayi. Twitter.

South Africa's governing African National Congress (ANC) will aim to be more circumspect about publicly discussing or announcing controversial economic policy proposals at its policy conference next month, the head of the party's economic transformation subcommittee, says Mmamoloko Kubayi.

These debates are usually the most heated and often become the battlefield for proxy leadership contests between the party’s two factions, and can upset the markets. Radical economic transformation, but not in name.

Markets have also been skittish about talk of “radical economic transformation”, a popular slogan pushed by the lobby opposing President Cyril Ramaphosa – who was a business mogul – to push against big multinationals and established business.