What do South Africans think of the term, White Monopoly Capital, to describe capital concentration in the country?

White monopoly capital is a term used to describe the white dominance in South Africa as far as economic and social resource allocation of post-1994 is concerned. White monopoly describes some kind of colonialism.

Even though people describe South Africa as a rainbow nation, there is still stigma, racism, and stereotypes between blacks and whites. Although white people have given up on political power and opted for a democratic ruling, the white still advance the economic and social power and tend to control most aspects of the economy.

A group of local whites practices dominance in economic sphere in dominating mining, agriculture, and in building industries. The progress among blacks and females is still slow. Economic power is in the hands of the white monopoly that controls mines, industries, banks, and most farms. The Oppenheimer family, for instance, has dominated a leading spot in the global diamond trade.