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Sihle Zikalala: White monopoly capital in SA exists

KwaZulu-Natal ANC chairperson Sihle Zikalala held an informal discussion with journalists in Johannesburg last night to discuss the provinces politics and the party in general.

FILE: ANC KZN chairperson Sihle Zikalala. Picture: Reinart Toerien/EWN

JOHANNESBURG – While the African National Congress (ANC) policy conference resolved not to use the term white monopoly capital, KwaZulu-Natal ANC chairperson Sihle Zikalala says those who don’t believe it exists are misinformed.

Zikalala held an informal discussion with journalists in Johannesburg last night to discuss the provinces politics and the party in general.

He says that he will support which ever candidate ends up winning the presidential race in December and no longer supports the idea of deputy presidents.

“In South Africa, I must tell you, we’ve got white monopoly capital.”

Zikalala insists that the party was misrepresented by Joel Netshitenzhe at the policy conference, adding that there were many issues that were supported that weren’t brought to the fore.

“But this monopoly that’s white in South Africa, its existence depends on imperialists, your companies that are in other countries. That does not need Nkosazana Dlamini-Zuma to stand so that you understand it.”

During a community engagement in the Western Cape last week, President Jacob Zuma also reiterated his belief of the reality of white monopoly capital, seemingly going against the conference's resolutions.

ANC RESOLUTION

The ANC, at its national policy conference earlier this month, agreed that the party should not use the phrase white monopoly capital to describe the problems in the economy.

Instead, the majority of the party's commissions have said that capital is a global phenomenon that manifests itself in different ways in different parts of the world.

Supporters of President Zuma had wanted the party to adopt the phrase white monopoly capital when defining the economy.

Joel Netshitenzhe of the party's strategy and tactics commission says capital is different in different parts of the world.

“That relationship we were describing would apply whether that capitalist is Japanese, Indian, white or whatever other category you can think about.”

But he also says that it cannot be ignored that there is white dominance in the economy.

WHITE MONOPOLY CAPITAL NOT THE ENEMY

Former President Thabo Mbeki last week said that white monopoly capital was not the enemy and that some people are abusing the term because it's a sexy and popular slogan.

The former president seemed to take a jab at President Zuma, who told the MK military veterans last month that white monopoly capital is the enemy of the national democratic revolution.

“So when somebody comes to you to say the principal enemy of the national democratic revolution is white monopoly capital and things like that. I know the role of monopoly capital.”

He says people must be careful of describing white monopoly capital as the enemy.

“Who is this enemy? You’re obliged to say the Rupert’s and others.”

Mbeki says there must be an understanding of what’s happening to the South African capitalist economy.

“Because if we misdiagnose the problem, the cure is going to be wrong.”

The former president says people must avoid being driven by popular slogans.

Additional reporting by Clement Manyathela, Stephen Grootes and Kevin Brandt.