Treasury plan ‘encourages debate’ – ANC caucus

Staff Writer | Sep 11, 2019
The parliamentary caucus of the African National Congress (ANC) has extended a tepid endorsement of the economic plan released by the Treasury two weeks ago.

In comments made after a caucus lekgotla, ANC chief whip Pemmy Majodina said that the caucus ‘welcomed’ the initiative, which she described as a ‘draft document that encourages debate’.

All South Africans were encouraged to contribute to the ‘national conversation’ that the document was expected to engender.

While commending the government on some of the proposals to bring about greater policy certainty, the caucus remained concerned about others. It recognised that the country’s economy had stagnated. It was important to move towards renewed growth and the creation of jobs.

The plan has been the subject of conflicting views. Seen as broadly market-friendly in orientation, some, including the opposition Democratic Alliance, have expressed their support for it. It has, however, been rejected by the ANC’s alliance partners, the South African Communist Party and the Congress of South African Trade Unions.

IRR CEO Dr Frans Cronje observed this week that the extent to which the Treasury’s advice is adopted and put into action will be a useful indicator of the balance of ideology within the government between reformers and statist ideologues and, hence, the longer-term prospects for meaningful policy reform. 


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