The ANC & black capitalism in South Africa

Roger Southall

Review of African Political Economy, 2004, vol. 31, issue 100, 313-328

Abstract: The emphasis initially laid by the African National Congress (ANC) on national reconciliation after 1994 meant that its ideas about Black Economic Empowerment (BEE) were non-threatening to white interests. However, the government's recent strategy is more assertive, having the aim of creating a black capitalist class, which is both ‘patriotic’ and productive, as laid down in the ANC's guiding theory of the ‘National Democratic Revolution’. Corporate capital is responding with recognition of the inevitability and potential advantages of BEE. However, given the centrality of the state to the deliberate task of creating black capitalism, there are considerable dangers of the latter's lapse into Asian-style cronyism. The ‘patriotic’ nature of black capitalism is therefore in sharp contestation with its ‘parasitism’.

Date: 2004
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1080/0305624042000262310 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:revape:v:31:y:2004:i:100:p:313-328

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CREA20

DOI: 10.1080/0305624042000262310

Access Statistics for this article

Review of African Political Economy is currently edited by Graham Harrison, Branwen Gruffydd Jones, Claire Mercer, Nicolas Pons-Vignon, Aurelia Segatti and Ray Bush

More articles in Review of African Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().