‘Inequality poses threat to S.Africa’

Business
Reuters JOHANNESBURG — South Africa's ruling ANC will push for greater state involvement in mining and land ownership to address inequalities inherited from apartheid that pose a “grave threat” to Africa’s biggest economy, President Jacob Zuma said on Friday.

Speaking at the end of a week-long African National Congress (ANC) policy meeting, Zuma said the capitalists who became rich under white-minority rule still held a disproportionate sway over the economy 18 years after its demise.

“If we continue in this way, our gains of democracy will be put at risk because those who feel the pain will say ‘Enough is enough,’” Zuma said.