Nkosazana Dlamini Zuma and Cyril Ramaphosa at the official close of the ANC's fifth national policy conference at Nasrec in Johannesburg earlier this year.
Nkosazana Dlamini Zuma and Cyril Ramaphosa at the official close of the ANC's fifth national policy conference at Nasrec in Johannesburg earlier this year.
File Image: Personal Finance
File Image: Personal Finance

CAPE TOWN - Radical economic transformation will be a major discussion issue at the Raging Bulls Awards in Cape Town on January 31, 2018.

The summit hopes to engage in a lively discussion on what this concept means to different players in the economy and what “interpretation” will best take South Africa forward and grow the economy to the benefit of all its citizens.

File Image: Personal Finance

A PANEL DISCUSSION ON THE TOPIC WILL FEATURE THE FOLLOWING SPEAKERS:

Xolani Qubeka – CEO: Small Business Development Institute

Nhlanla Nene – Former Finance Minister

Mike Schussler – economist

President Zuma has described radical economic transformation as "the gospel truth". ANC presidential candidates Nkosazana Dlamini-Zuma and Cyril Ramaphosa have also not only embraced the phrase but have called for corporate leaders to engage in the process.

Radical economic transformation remains a controversial topic in South Africa. For some the concept means an overhaul of the economy, but for others, it is just another populist slogan, and it is these questions the summit hopes to address. 

Key points of radical economic transformation 

Re-industrialising South Africa's economy

Emphasis on black ownership in terms of land ownership and the economy

The removal of monopoly structures

Removal of nepotism in government

Development led and driven by state

-BUSINESS REPORT ONLINE