Billionaire Rupert faces ruling party fury over RET attack
THE ANC says Johann Rupert’s statement on radical economic transformation (RET) is disingenuous and extremely opportunistic, coming from a beneficiary of apartheid’s exclusionary policies.
On Wednesday, Rupert said: “RET is just a code word for theft. They (President Jacob Zuma’s administration) are raiding the state’s coffers. And it’s public knowledge.”
The ANC responded in a statement yesterday, saying: “We condemn this arrogant attitude towards South Africans who have an active interest and are drivers of the change envisaged through RET.”
The ANC said RET would structurally change the fundamental features of SA’s political economy and dismantle an economy which continues to perpetuate inequality and monopolistic tendencies in favour of Rupert and his ilk.
“Racialised economic relations have produced the generational wealth of the Rupert family that Johann now commands. His arrogant condemnation of economic transformation betrays his ill-gotten privilege,” the ANC said.
Umkhonto weSizwe Military Veterans Association (MKMVA) chairperson Kebby Maphatsoe said: “There has been a campaign for a long time to discredit RET. Rupert is showing he is fearful of change.
“It is unfortunate some comrades such as Gordhan and Hanekom are speaking the same language. That only shows they are working together.”
All of this is happening against the backdrop of Zuma having to defend himself in the High Court in Pretoria where the DA has an issue with Zuma not implementing former public protector Thuli Madonsela’s state capture report in which it alleged billions were stolen from state-owned entities.
Maphatsoe remained adamant that RET would change the inequalities existing in South Africa.
“RET is going to ensure there is employment, (it will) alleviate poverty and make inclusive economic growth a reality for the majority of our people.”
Rupert is considered South Africa’s richest individual and now finds himself at the centre of what represents white monopoly capital.
“Rupert is showing his true self by defending what he benefited illegally and unfairly from the apartheid regime,” Maphatsoe said.