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‘White monopoly capital’ convenient term for ANC

Die Vryburger

Although there is evidence that Bell Pottinger’s harmful and false terms and narratives that were created such as “white monopoly capital” and even apologized about it, the ANC still made it there own, and blame whites to for the economic crisis in the country.

Dr. Pieter Groenewald, leader of the Freedom Front Plus, said the ANC uses the term now casually as a smokescreen for the real reasons for the economic demise, and this is the damage being caused by “affirmative action” (AA) and black economic empowerment (BEE).

He said AA and BEE caused among other things, that positions of critical importance throughout the public sector are not filled, and that unqualified people and contractors are being appointed resulting in double expenses.

While blacks have long been favored by AA and BEE at the expense of whites, the term “white monopoly capital” unfortunately has become a populist narrative.

The aim was to create division to ensure that individuals and factions in the ANC remain in control of the levers of power to gain access to the state treasury and to divert attention from the state capture. “It causes enormous damage, not only to race relations in the country, but it also sends a negative message to any prospective white investor in South Africa,” said Dr. Groenewald.

Read the original article in Afrikaans on Die Vryburger

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