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South Africa's Zuma again denounces "monopoly" white economic power

South Africa's Zuma again denounces "monopoly" white economic power
From Reuters - November 13, 2017

JOHANNESBURG (Reuters) - South African President Jacob Zuma reiterated a call on Monday for radical reforms to shift the balance of monopoly economic power away from whites who dominated under apartheid, saying without such change blacks would stay poor for a long time.

He made the remarks, reiterating a staple criticism leveled by his ruling ANC about South Africas economy, against the backdrop of widespread allegations of corruption against Zuma and his friends, the Indian-born Gupta brothers.

Zuma was responding to a question about his role as an enemy of white capital, during an interview with the ANN7 news network, which was founded by the Guptas. Zuma and the Guptas have denied any wrongdoing.

I dont know why there is a debate in fact. Because there is a monopoly capital and in South Africa it is white ... because of our history, it does have a color. It is white, Zuma, who steps down as head of the ANC in December but can remain head of state until elections due in 2019, said.

Companies that dominate in the mines, there are not many ... You will find the same companies in charge. That means they are monopolizing the economy and theyre not black, he said.

The Chamber of Mines in the worlds top platinum producer says that in 2016, 39 percent of the sector was owned by historically disadvantaged South Africans - meaning non-whites.

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