Economic policy set to be a major topic when ANC National Conference reconvenes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The ANC is set to adopt its various policy positions on the 5 January after its national conference was adjourned last month.

ANC's policy conference in July 2022 was the precursor to the finalisation of policy at the 5-yearly national conferenceANC's policy conference in July 2022 was the precursor to the finalisation of policy at the 5-yearly national conference

The economic policy considerations being discussed are wide-ranging, covering issues of land, energy, BEE, skills development, fiscal and monetary policy, among others. But whatever is decided, policy processes take time and energy and the issue of a capable state to ensure the translation of policy into reality is also key.The ANC’s policy conference in July 2022 was the precursor to the finalisation of policy at the 5-yearly national conference, in this case, the 55th iteration.

With the constant complaint of neglect, the ANC will be pushing for greater support for SMMEs, which are said to be significant role players in boosting a country’s economic fortunes and the party remains keen to establish a State Bank, which it says is an absolute must to adopt. “Some people say that that model’s imbedded within neo-liberalism and that the SARB has to expand its mandate by responding to issues of unemployment, poverty and printing of money, so that’s the rationale behind nationalisation of the SARB, but I don’t think that idea is going to take off the ground. I think the market forces could be vehemently opposed to that,” says Political and Economic Expert Dr Ntsikelelo Breakfast.

No matter how sincere and positive its policy positions are, the ANC has often been criticised for its ineffective translation of the same, with its inability to populate the state with a high level of competency.

 

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