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MKMVA: White monopoly capital a legitimate reality

The organisation has rubbished claims that it received assistance from the London-based PR company.

FILE: MKMVA held a briefing in Ekurhuleni following their national executive committee meeting. Picture: Clement Manyathela/EWN

JOHANNESBURG - The MKMVA says that while Bell Pottinger may have exploited the problem of racial inequality in South Africa, the so-called white monopoly capital is still a legitimate reality.

The organisation has rubbished claims that it received assistance from the London-based PR company.

MKMVA, along with the ANC Youth League, have been implicated in a series of leaked emails, suggesting that they used Bell Pottinger’s services in their campaign to discredit critics of the Gupta family and President Jacob Zuma.

While Bell Pottinger has apologised for its campaigns, the MKMVA’s Carl Niehaus says the company was wrong.

“We’ve had decades of apartheid and exploitation by a white minority over the black majority. Those tensions could be created by a company called Bell Pottinger.”

Niehaus adds that white monopoly capital can be tackled through radical social economic transformation.

POLITICAL PARTIES REACT

The African National Congress has labelled the agency as “vultures”, saying it has scavenged on the country’s failures to address inequality and transform the economy.

The Democratic Alliance has welcomed the agency’s apology but says it is insincere and little more than a stunt due to mounting pressure against it.

The Economic Freedom Fighters has rejected the apology while the Freedom Front Plus has vowed to lodge a criminal case against Bell Pottinger.

On social media, South Africans seemed to echo the sentiments of political parties.

Some signed petitions for the UK government to launch an inquiry, while others demand that those who paid for the lucrative account be brought to book.

(Edited by Shimoney Regter)