The report was produced by the party leadership and comes as the ANC prepares to select a successor to President Jacob Zuma this year. It warned that the party which has ruled virtually unopposed since the end of apartheid in 1994 now faced "declining fortunes".
The ANC has been under severe pressure to respond with new policies after municipal elections last year when it lost its grip on cities including Pretoria and Johannesburg.
More than two decades after the ANC ended white-minority rule with Nelson Mandela at its helm, inequality festers. Black people make up 80% of the 54 million population, yet the lion's share of the economy in terms of ownership of land and companies remains in the hands of white people, who account for around 8% of the population.
