ANC leaders debate confiscating white assets without compensation

‘A heated six-day ANC Policy Conference ended today. The ANC appears fully committed to a program of “radical economic transformation” that will include the redistribution of white-owned assets to blacks. South African President Jacob Zuma railed against “white monopoly capital,” which he called “the primary adversary of the collective interests of our people.”
There was a huge controversy over how whites should be compensated for expropriated assets. The younger members tend to support zero compensation. Older members tend to support some compensation. A white ANC MP, former Tourism Minister Derek Hanekom, was shouted down by members of the ANC Youth League. Hanekom is a leading ANC opponent of confiscation without compensation. The Youth League packed the audience during his speech and screamed insults. The speech descended into a shouting match.
The Youth League issued a statement warning the ANC’s “old guard” that membership will be liquidated if they don’t return to the historical mission of the ANC. They characterized white monopoly capital as “the enemy of the revolution.” They also want Derek Hanekom to be disciplined.’
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