Opinion

The nuts and bolts of radical economic transformation

Faith Muthambi 15 Feb 2017 00:00

A woman washes clothes in front of an ANC election poster stuck to the shack she and her family live in at Waterworks, an informal settlement outside Soweto, on May 9 2011. (Siphiwe Sibeko, Reuters)

ECONOMY

At President Jacob Zuma’s second inauguration, he vowed that economic transformation would “take centre stage” during his last term of office.

He promised that “the structure of the economy will be transformed through industrialisation, broad-based black economic empowerment and through strengthening and expanding the role of the state in the economy”.

That the economy would assume centre stage should not come as a surprise. It is part of the normal course of the evolution of statehood.

Embargo - Default message

This article is only available to Mail & Guardian subscribers at present.

Please login or consider subscribing. Visit our FAQs page for more information.

Alternatively, check back in a few days when the article becomes freely available.

Click here for more information

Embargo Explanation - Article Page

Why can’t I read this article?
This article is considered premium content, which is available to subscribers only during the week of publication under the Mail & Guardian’s content embargo system. It’s our way of showing M&G; subscribers that we appreciate their support.

How does the content embargo system work?
As a reader, you’re able to view content according to the category you fall into:

Subscribers have full access to everything on the site as soon as it’s published, including premium embargoed content. If you are already a print (newspaper) subscriber, you qualify for a free digital subscription – email [email protected] to activate it. Otherwise you can subscribe here.
Non-subscribers get full access to free content as soon as its published, plus all premium embargoed content published during the previous week every Monday.

How much does a subscription cost?
Go to M&G; subscriptions for our various print and digital subscription offers.

How do I share embargoed content on social media?
Premium embargoed content becomes freely available on the Monday after the week of publication, but the link does not change so you can share it immediately or check back on Monday and share it then by clicking on the relevant social media button/s below the story.