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Mbeki hits Zuma over White monopoly capital

Former President Thabo Mbeki has criticized President Jacob Zuma following a statement he made last month that white monopoly capital is the enemy of the national democratic revolution.

Former President Thabo Mbeki says white monopoly capital is not the enemy of the national democratic revolution.

Mbeki was interviewed by Power FM chairperson Given Mkhari last night in Sandton.

He says a number of people have been misled by political parties that abuse the term white monopoly capital saying it is not the enemy to the South African economy.

The former president has criticized President Jacob 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 misled by the official who campaigns for leadership positions behind the popular word.

 

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