Economic transformation will favour all South Africans: Zuma

Economic transformation will favour all South Africans: Zuma

President Jacob Zuma says should the ANC and its alliance partners lose support and power, the country will be gripped by poverty.

Jacob Zuma speaks at University of Zululand
Anelisa Kubheka


Zuma was speaking at the University of Zululand during an event to commemorate those who died in the fight for freedom.


He says ANC members who criticise the party and its members in the media are aiding foreign governments who he says want to take control of our country.


Zuma has also dismissed claims radical economic transformation is a tool to loot from the State.

He says the idea is a well-thought out intervention that comes after years of other attempts to transform the country's economy.

"With radical economic transformation, we mean a fundamental change in the structural system, institutions and patterns of ownership, management and control of the economy in favour of all South Africans - especially the poor and the working class - the majority of whom are African and female," he said.

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