From Bloomberg

South African President Jacob Zuma said the government must push for increased black ownership of the continent’s biggest economy, signaling his policy focus as he prepares for a second term in office.

“We want to accelerate black empowerment because if we don’t, those who want to come into the economy become impatient and correctly so,” Zuma, 71, said in an interview at his official residence in the capital, Pretoria. “We are making progress but it’s not enough. The real ownership of the economy is still a problem.”

After two decades in power, Zuma’s African National Congress is facing the stiffest challenge to its rule in May elections. Many black South Africans are growing impatient at the slow distribution of wealth in an economy where whites still earn on average six times more than blacks.

Written by Franz Wild and Amogelang Mbatha/Read more at Bloomberg