White monopoly capital is real: Zuma

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File: In a subtle dig at his predecessor, President Jacob Zuma hit back at former president Thabo Mbeki.

CAPE TOWN - President Jacob Zuma says white monopoly capital is real.

His comments come days after former president Thabo Mbeki warned against the use of popular slogans not based on facts.

WATCH: In conversation with Thabo Mbeki

"Those who say it doesn’t exist, they live in another country," said Zuma.

 

In a speech in Cape Town, Zuma also urged the youth to lead the battle for economic emancipation for the black majority.

He reaffirmed government's commitment to ensuring higher education for all.