South Africa: The ANC's flop on "radical economic transformation"
At his annual State of the Nation Address (SONA), South Africa’s president Zuma made a song and dance about embarking on a programme of “radical economic transformation”. At the time we explained that this was actually a ruse. What he was actually embarking upon was an attempt to promote the interests of the emerging parasitic black bourgeoisie around the Gupta family at the expense of the black working masses.