'Economic transformation not for benefit of a few'
ANC Treasurer-General Zweli Mkhize says radical economic transformation has no other agenda but to emancipate the country's citizens economically.
He's been speaking at a Johannesburg summit on the subject.
Mkhize says the Radical Economic Transformation policy goes back to the ANC's Mangaung conference.
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"This terminology of radical economic transformation comes from the conference of 2012 of the African National Congress. It is not the construct of Bell Pottinger or an excuse to empower certain families or even be captured by someone," he says.
He says it came about after an evaluation of how far the country had come post democracy.
"It becomes important for us to say that there is a huge amount of achievement that the country has scored but in the process, there's quite a lot of work that still remains ahead of us. In the words of president Nelson Mandela, what we have noticed is that after having climbed to the summit of a hill - we only became too aware of the many more hills to climb."
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