Kubayi: ANC needs to make market-sensitive decisions to avoid rattling investors

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Chairperson of the ANC’s economic transformation committee Mmamoloko Kubayi said the party needs to review how it makes market-sensitive decisions to avoid rattling investors and business to the detriment of the economy.

JOHANNESBURG - Chairperson of the African National Congress ’s economic transformation committee Mmamoloko Kubayi said the party needs to review how it makes market-sensitive decisions to avoid rattling investors and business to the detriment of the economy.

The party has in the past made resolutions on the nationalisation of the South African Reserve Bank, among other key decisions, which have weighed on the economic trajectory of the country, only to later dumb them down at the realisation of their negative impact.ALSO READ:She said the governing party needs to work out how they discuss sensitive policy proposals and resolutions on the economy in such a way that it does not negatively affect market prices.

Meanwhile she said the economic transformation committee will also have to tell delegates at the conference that they have failed to implement the 2017 resolution on the nationalisation of the Reserve Bank. “We will give a report back to delegates and see if they are happy or not. But the issue is we had to make a decision, do you take the money, excessive money and go and pay for those shares at the Reserve Bank or in the environment where we are with the fiscus not doing well. Take the money and focus on the services that needed dealing with COVID-19.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Genius.

Another criminal ANC cadre.

Did she actually say that! Wow, some thought went into what she said

F… another Rocket Scientist!

Only realising this now?

Greatest trader of all time James_Alderson8 I never believe it until I experience it For a start i deposited R50,000 to test the waters in 7 days I got a return of R500,000, he's diligence and honesty is undeniable. Thank you once again James_Alderson8

Stop stealing the money. That’s a good start

I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.

It because the ANC have shaken investors and business to the core in the past that our economy is in the state that it is. And no, you cannot just pick the Rand back up.

Is there a way of harmonizing nationalization and attracting investors? I see a mutually exclusive relationship. I might be wrong. Can the enlightened assist.

Mxim

Here's an idea. Stop making stupid economic decisions.

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:

 /  🏆 30. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines