The continuing debate on radical economic transformation tends to focus on what we do not know, but there is in fact a key tenet regarding which there can be near certainty. Across factional lines in the governing party, almost all who speak about radical economic transformation make reference first and foremost to the demographic ownership of assets. Radical economic transformation makes the case that the structure of ownership and wealth in the economy continues to be determined along racial lines. As a result, policy and implementation must focus on accelerating the pace of structural realignment (correcting the racial skew), particularly in capital markets, business ownership and land ownership.
Read the article by News24 guest columnist, Gwen Ngwenya, here.