The author describes what has been happening in South Africa after the capitalist ruling class decided it didn't really need apartheid to survive. Capitalists are always very creative in their methods of containing opposition so that their rule can continue without interference.
The Freedom Charter, a document that inspired the struggle in South Africa for decades, stated clearly that the ‘commanding heights’ of the economy would be nationalised in order to benefit everyone. It was not to be, as on the eve of independence, the ANC, the SACP and COSATU, members of the Tripartite Alliance that was to govern the newly independent country, opted for the capitalist route to development. Instead of a struggle against capitalism, a policy of class collaboration between the working class and the capitalist class was adopted. It was in this context that the idea of encouraging the growth of a black ‘patriotic’ bourgeoisie was adopted as state policy in the form of the BEE.