Ace Magashule: Unacceptable that the economy is still in white hands

Ace Magashule: Unacceptable that the economy is still in white hands

Ace Magashule says that 'dark forces' in the ANC are distracting from the battle for economic freedom and the fight against white monopoly capital. The ANC Secretary-General feels it is unacceptable the South Africa's economy is still in 'white hands'.

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ANC Secretary-General Ace Magashule is adamant that 'dark forces' are at play in the ANC, distracting from the struggle against white monopoly capital in the fight for economic freedom.

Speaking at a lecture in memorial of Walter Sisulu in Bloemfontein over the weekend, Magashule said it was unacceptable that the economy was still in white hands:

"The struggle for economic emancipation of our people is and must be unstoppable. We can no longer be slaves in our own nation. We can no longer be counted as the poorest of the poor, while those who hold our wealth through historic theft still enjoy it."

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Magashule went on to say that it cannot be that, 25 years after the dawn of democracy, South Africa's resources are still 'primarily in the hands of white people', the descendants of those who 'stole our wealth and land in the first place'.

TimesLIVE reports that the secretary-general is still adamant that land expropriation without compensation is a part of the ANC mandate, along with the nationalisation of the Reserve Bank, the transformation of financial institutions and the implementation of national health insurance.

Magashule further offered support to Minister Lindiwe Sisulu, who he claims is 'under attack' for downgrading the SA embassy in Israel:

"You are going to be under attack by those who don't want to implement the resolutions [of the ANC]. Stay resolute because you are complementing the highest decision-making body resolutions."

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