White Monopoly Capital

A Manufactured fiction?


“Bell Pottinger, which recently stepped down as the Gupta-owned Oakbay’s public relations firm, is said among other things to have driven a social media campaign to try and divert attention from the Gupta family’s involvement in state capture by emphasising the role white monopoly capital plays in South Africa’s economy.”

““Some interesting counter-narratives have been driven when one listens to the news. Just look at some of the policy failures that one would normally attribute to the governing party – those failures are being recast as resistance by white monopoly capital. Those arguments are gaining traction,” Mathekga said.

Mathekga also pointed out that Bell Pottinger’s “work” extended beyond the media, as is evident in utterances made by the ANC Youth League and Women’s League, respectively.


“If you listen to them – it’s as if they’re reading from a script. It’s a message that is driven to excuse the culpability of policymakers who should respond to challenges prudently through policy measures.”

Independent political analyst Nic Borain agreed that the messages from the ANC Youth League for example are clearly a “scripted response”.

“And the people reading the script don’t necessarily have to believe it. They just have to say it. It’s a script for people who have difficulty to conclude that it is fronting a rent-seeking approach to the state and state contracts.”

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