BIG ECONOMIC TRANSFORMATION ON THE WAY – RAMAPHOSA

South African deputy president, Cyril Ramaphosa. Picture: GCIS.

PHOTO: South African deputy president, Cyril Ramaphosa. Picture: GCIS.



 

CAPE TOWN – Deputy President Cyril Ramaphosa has conceded government’s efforts to make the economy more inclusive haven’t brought about enough change.

He explained to members of Parliament (MPs) that this is why the state is pushing ahead with radical economic transformation.

Ramaphosa was tackled on economic reforms while answering questions in the National Assembly on Thursday.

WATCH: Deputy President Cyril Ramaphosa answers questions in Parliament:

 

 

The Economic Freedom Fighters’ Floyd Shivambu told Ramaphosa that black South Africans haven’t benefited from government’s interventions in the economy.

“The few of you who’ve benefited from economic empowerment are just indebted staff riders in white corporations.”

Ramaphosa says the fact the economy is still white-owned and controlled is a challenge to all South Africans.

“We should not, having attained the vote for all South Africans, think that all they wanted was the vote and the rest like economic power was not important.”

The deputy president says measures like black economic empowerment and employment equity have fallen short.

“Admittedly many of such have not borne the fruit that we expected, hence the government has come forward with the intervention of radical economic transformation.”

Ramaphosa has told MPs to expect big changes.

 

Eye Witness News

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