ANC’s approach to strategy around white monopoly capital – Mthethwa
At this afternoon’s press conference at the 54th ANC National Conference, Arts and Culture Minister Nathi Mthethwa responded to a question on how the ANC will be dealing with white monopoly capital.
Wed, 20 Dec 2017 14:23:20 GMT
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AI Generated Summary
- The ANC has not abandoned the concept of white monopoly capital and continues to focus on it since the 2007 national conference.
- The party aims to accelerate progress by clarifying its strategy and tactics regarding white monopoly capital.
- Changing the conceptualization of monopoly capital will require significant effort and a departure from past practices.
The African National Congress (ANC) has been facing scrutiny and criticism over its approach to dealing with white monopoly capital. In a recent interview with CNBC Africa, ANC representative Mthethwa addressed the party's strategy regarding this issue. Mthethwa highlighted that the ANC has not abandoned the concept of white monopoly capital, despite claims suggesting otherwise. He emphasized that discussions around this topic have been ongoing since the 2007 national conference, and it remains a key focus for the party. The goal, according to Mthethwa, is to accelerate progress by clarifying the party's strategy and tactics. Without a clear roadmap on how to address white monopoly capital, other initiatives such as organizational renewal and economic transformation could be compromised. Mthethwa acknowledged that changing the way monopoly capital is conceptualized will require significant effort and a departure from past practices.
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