5 July 2017
Johannesburg - The fierce battle over white monopoly capital is set to continue at the ANC policy conference underway at Nasrec, south of Johannesburg.
Supporters of President Jacob Zuma and, by extension, presidential hopeful Nkosazana Dlamini-Zuma, are disputing the outcome of the commissions as announced by national executive committee (NEC) member Joel Netshitenzhe.
Netshitenzhe said during a media briefing on Tuesday that nine out of the 11 commissions agreed that capital should not be racially defined and it is not the enemy.
"Nine of the 11 commissions felt that the phenomenon of monopoly capital is a global one and manifests itself differently," Netshitenzhe said.
"In that context, it would therefore not be correct to characterise ours simply as white monopoly capital. That relationship would apply whether it’s Japanese, Indian, white or whatever category you can think about," he said.