STELLENBOSCH – Former Minister Trevor Manuel has questioned the logic behind President Jacob Zuma’s views on white monopoly capital.

Former Finance Minister Trevor Manuel. Picture: Christa Eybers/EWN

Former Finance Minister Trevor Manuel. Picture: Christa Eybers/EWN

During a community engagement earlier this week, Zuma emphasised that white monopoly capital is a reality in South Africa.

Manuel has however backed former President Thabo Mbeki’s views on the matter.

Addressing a Mandela Day Lecture in Nyanga earlier this week, President Zuma shared his sentiments on white monopoly capital.

“The patterns of ownership and management and control so that it’s not done by a few which we call white monopoly capital… those who say it does not exist, they live in another country.”

But in a Q&A session during a talk titled “Students as Active Citizens in Society” at Stellenbosch University on Wednesday night, Manuel sought factual backing on Zuma’s remarks.

“There are no signs to that statement that say produce the evidence. If you want to change, you must be able to target your efforts.”

The African National Congress, at its national policy conference earlier this month, agreed not to use the term to describe problems in the economy.

Leave a comment

Your email address will not be published.