By Akani Nkuna
ANC leader and South African president Cyril Ramaphosa has doubled down on the need for race-based economic transformation, saying it is the next critical phase in the country’s democratic progress.
Ramaphosa said that since 1994, the Broad-Based Black Economic Empowerment Act and the Employment Equity Act had helped drive progress in ownership, management representation, and enterprise development.
“Despite this progress, the average income of white households is still nearly five times higher than that of black African households. That is why we need to intensify our drive for inclusive growth through infrastructure development, industrial policy, land redistribution, and black economic empowerment,” Ramaphosa said.
He was speaking at the 70th anniversary of the Freedom Charter at the Birchwood Hotel in Boksburg on Tuesday night, where the party is holding its National General Council (NGC).
He said the ANC had resolved that “rapid, inclusive economic growth is necessary to
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
