3 May Can South Africa achieve radical economic transformation or is it a fallacy?
Radical economic transformation" is NOW a buzzword in South African. After 23 years of democracy, the country's economy is still in the hands of a minority. Government's land retribution programme has NOT shifted the economic power to the black population. Will radical economic transformation ensure that there is a change in ownership patterns and land redistribution as President Jacob Zuma says, or will it focus on skills development and jobs as advocated by Deputy President Cyril Ramaphosa? Sakina Kamwendo speaks to BEE Verification Specialist Deon Oberholzer, Senior Lecturer at the School of Economics and Business Science of the University of the Witwatersrand and Former Chief Economist Lumkile Mondi and CEO of Pamodzi Investment Holdings Ndaba Ntsele