The ANC has slightly belatedly released its list of parliamentary candidates. What does the list tell us about the ANC’s economic policy agenda? Depressingly, not much.
In some ways, this is unsurprising. Parliament is not where ANC economic policy is actually formulated, although where it actually is formulated is something of a riddle in itself. Political analysts say the party has struggled to create anything the looks like an overarching policy agenda, partly because unanimity within the party on economic policy doesn’t really exist, so it is difficult to discuss in any real way.
The graphic illustration is the inclusion of Environmental Affairs Minister Nomvula Mokonyane, who, according to a witness speaking under oath at a government commission of inquiry, received piles of gifts, including R50,000 a month, for 14 years, from a private company doing business with the government.
A host of political commentators have pointed out the obvious hypocrisy from an ethical standpoint, but the reappearance of these candidates suggests something else, too, from an economic point of view: A kind of gravitational, institutional inertia within the party. According to one analyst, the ANC is an extremely hierarchical organisation despite its avowedly democratic, socialist outlook.
Wits School of Governance professor Susan Booysen says the ANC candidate list is something of a “copy and paste” exercise from the ANC’s National Executive Committee, selected at its 2017 elective conference. Ramaphosa won the leadership battle by a mere 179 votes, suggesting the candidate list effectively incorporates the battles of the Nasrec conference into the body of Parliament.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MAVERICK BUSINESS: Rating agencies are likely looking for changes larger than South Africa’s political system can deliverThe language of rating agencies is often obscure; publicly Moody’s talks about ‘persistent structural challenges’ and the risk of ‘fiscal slippages in the face of both slower growth and increasing political pressures’. What this means is that they are looking for some substantial and fast policy changes, probably larger than SA’s political system can manage.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK OP-ED: Business schools are SA’s natural partner in the Fourth Industrial RevolutionSouth Africa is playing catch-up, and while it might aspire to become a leading light in the evolving global developments, realistically, the Presidential Commission on the Fourth Industrial Revolution has set its sights on achieving competitiveness and the need for inclusive growth. No
Source: dailymaverick - 🏆 3. / 84 Read more »
Political parties commemorate Sharpeville massacre - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Political parties commemorating the 1960 Sharpeville Massacre in the Vaal have objected to the day being known as Human Rights day.
Source: SABC News Online - 🏆 32. / 51 Read more »
Business Maverick: Jumia’s billion-dollar NYSE listing comes amid both good and worrying signsLater in 2019, the New York Stock Exchange will see the first listing of an African technology company to be valued at more than $1-billion, a real, actual dinkum unicorn. The company, Jumia, is Nigeria-based and is known as the African Amazon since it is primarily an e-commerce business. But is it a good investment?
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: PwC’s Steinhoff report suggests profit was boosted by R106bn in seven yearsFollowing the delivery of the PricewaterhouseCoopers report into Steinhoff, the full impact of the apparent fraud is just beginning to sink in, and even for those expecting the worst, it’s gobsmacking. According to PwC, between 2009 and 2016, the company apparently created fictitious profit-boosting schemes totalling R106bn, which is just under three times the net profit of the company over that period.
Source: dailymaverick - 🏆 3. / 84 Read more »
MAVERICK BUSINESS: Capitalism’s elusive magic number: A prevailing real interest rate that kills two birds with one stoneToday’s free marketeers attribute the failure of inflation to rise, despite wage growth and low unemployment, to a new normal — a new “natural” inflation rate. With their Panglossian blinders, whatever they observe is assumed to be the most natural outcome in the most natural of all possible economic systems..
Source: dailymaverick - 🏆 3. / 84 Read more »