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Numsa lashes out at white monopoly capitalism

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Cape Town – Twenty-one years into democracy whites still make up 75% of all top management positions in the South African economy and they continue to promote one another, says the National Union of Metalworkers SA (Numsa).

The trade union, which split from Cosatu two years ago after being expelled from the trade union federation, is holding its 10th National Congress in Cape Town.

In its Secretariat Report for 2016, Numsa said “Colonialism of a Special Type” continues to exist in the country. “The stranglehold of a small number of white monopoly capitalists over the great bulk of SA’s wealth and resources is based on colonial dispossession and promotes racial oppression,” it said.

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