EFF says that Jacob Zuma removed "white monopoly capital" in SA

EFF says that Jacob Zuma removed "white monopoly capital" in SA

- The EFF has (surprisingly) praised Jacob Zuma

- They said that during the Zuma presidency, state institutions were not controlled by "white monopoly capital"

- The EFF made the statement while criticising Cyril Ramaphosa's government

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The EFF has credited former president Jacob Zuma for "removing white monopoly capital" from state institutions.

The Red Berets made the comments in a statement criticising the appointment of Maria Ramos as an interim PIC board member.

"White monopoly capital is reclaiming all the institutions and spaces Jacob Zuma had kicked them from, although it was for narrow nepotistic ends," the EFF wrote.

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The EFF has slammed Ramos, calling her the product of "blue-eyed racists". The EFF has for long been critical of Jacob Zuma as well, but in this case they seemed to side more with Zuma than with Cyril Ramaphosa.

"The Ramaphosa administration is committed to making sure that the economy remains in the hands and control of WMC," the EFF statement read, according to The South African.

The EFF seemed to be giving Zuma faint praise by pointing out that during his presidency government was not controlled by so-called "white monopoly capital". However, few would call Zuma's administration a success in all regards, as it also saw widespread state capture and looting of public funds.

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Additionally, the phrase "white monopoly capital" is a complicated one with a convoluted history. 

It was coined by PR firm Bell-Pottinger in the direction of the Guptas and was aimed at directing frustration away from government and to the private sector instead. The EFF and BLF may still use it as a political buzzword, but at this point is lacks any real meaning.

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Source: Briefly.co.za

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