ANC’s economic priorities ahead of local elections - CNBC Africa

ANC’s economic priorities ahead of local elections

Southern Africa

by CNBC Africa 0

South Africa's President Jacob Zuma said on Friday the ANC was losing membership countrywide. Photo: GCIS

South Africa’s ruling party, the African National Congress, ended its three-day National General Council (NGC) meeting yesterday. The meeting comes a few months before the country is set to hold local government elections. These were some of the key policies decided on:

  • A wealth tax should be explored and an appropriate minimum wage decided on.
  • Government should implement laws that ensure all private security firms will be locally owned.
  • The State should support the steel and agricultural industries.
  • The standoff with mining companies over black empowerment requirements must be resolved.
  • National Treasury needs to allocate a budget to ensure the faster implementation of National Health Insurance.
  • The ANC plans to maintain its policies on unabridged birth certificates of minors.
  • The State should secure funding from the financial services industry for infrastructure on favorable terms.
  • Laws governing the oil and gas industry need to be finalised.
  • The country’s national budget should shift from consumption to investment.
  • Eskom’s aging power stations need to be revamped with the support of the private sector.
  • A cost-benefit analysis should be undertaken into the feasibility of building new nuclear power facilities.
  • Manufacturing incentives should be relooked at.
  • Lifestyle audits should be conducted on civil servants.
  • The security cluster and key civil servants should be rotated between departments.
  • South Africa will begin a formal process to leave the International Criminal Court, this process could take up to a year.