WHY IS ACTION- SA LYING ABOUT THE EXISTENCE OF THE BLACK MONOPOLY CAPITAL?

By Teboho Sekhosana

 WHY IS ACTION- SA  LYING ABOUT THE EXISTENCE OF THE BLACK MONOPOLY CAPITAL?.

Today the ActionSA political party held a press briefing and among the issues they spoke about is the question of White Monopoly Capital vs Black Monopoly Capital. Strangely the ActionSA is suggesting that in South Africa there is what they call the Black Monopoly Capital. This leaves one with a number of questions about the intellectual, ideological capacity of that organization. Indeed if the ActionSA had any intellectual and ideological capacity they would have known that there is no such a thing as the Black Monopoly Capital. Do they even understand the definition of the term Monopoly?,because if they did then they would not have embarrassed themselves in this fashion. Maybe we should be kind enough to help ActionSA with the definition of the term Monopoly "The exclusive possession or control of the supply of or trade in a commodity or service".

Now having assisted the ActionSA with the definition of the term Monopoly, let us take some trouble to examine the different sectors of the South African economy to see if there are any sectors of this economy which are under the so-called Black Monopoly Capital.
MINING INDUSTRY- The Mining Industry is still owned and monopolized by the Whites and since 1994 the Natives of this country(Afrikans) who are the rightful owners of these mineral resources own only about 39% of the industry. This leaves a whooping 61% in the hands of the White minority . Therefore we can safely conclude that in this sector the so-called Black Monopoly Capital which ActionSA is hallucinating about does NOT EXIST.
MANUFACTURING SECTOR- The Manufacturing Industry is even worse interms of the ownership patterns. The Black ownership of this industry stands at a mere 32% which leaves the rest of 68% in the hands of White people who are settlers in this country.
FINANCIAL SECTOR- In the Finance Sector the Black ownership stands at a pathetic 28%.

I could go on and on looking at sectors such Agriculture which continue to present an Apartheid picture as if the 1994 moment never happened.

The reason ActionSA is deliberately going out of its way to lie and mislead the masses, it is to protect the real owners of that organization. The organization is owned and controlled by the very same White Monopoly Capital that it seeks to protect. Look at who funds that Party and its Policy positions then you will understand why they have to defend the White Monopoly Capital through diverting the attention and create a non-existing Black Monopoly Capital.

By
Teboho Sekhosana
Political and Social Activist
sekhosanateboho9@gmail.com
0844361494  063094468
My name is Teboho Sekhosana I'm an ex Numsa Shopsteward trained in Grievance and Case Handling. Political activists who has had a privilege to spend time in South America(Venezuela)

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