Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

ANC economic policy to change

Nov 11 2008 18:12

Related Articles

Downgrade 'a warning to ANC'

Nene to be Manuel's successor?

Vavi: Time for economic shift

New party 'market-friendly'

Zuma: AA will stay

New party wants economic shift

Manuel: Forget leftist policies

 

Top Stories

Zuckerberg loses almost $2bn

May 21 2012 17:30

Mark Zuckerberg's fortune dwindled by nearly $2bn to $18.7bn within minutes as trading began again in Facebook shares – which promptly plunged by nearly $5.

Eskom worried about immediate supply

May 22 2012 12:20

Power utility Eskom is concerned about meeting peak power demand as winter sets in although the situation should improve by mid-June, says CEO Brian Dames.

Power procurement plan welcomed

May 21 2012 18:36

The announcement of 19 successful bidders for the second phase of the renewable energy independent power producers' programme has received industry approval.

 
Share Share line Print

Johannesburg - The ANC's economic policies are going to change, the party's secretary general Gwede Mantashe told business representatives in Johannesburg on Tuesday.

However, these changes would involve "retaining and building" on what had worked and changing what had not worked, he said.

They would be based on an "ideological shift".

Since the ANC's 52nd National Conference in Polokwane in December, the ruling party has been at pains to assure the business community that its policies will not change.

On Tuesday, Mantashe said the party was talking about "continuity of change".

Mantashe shared a platform with Wendy Luhabe, the chairperson of the Industrial Development Corporation (IDC), who is also the wife of former Gauteng premier Mbhazima Shilowa.

Shilowa resigned in a breakaway from the ANC with former defence minister Terror Lekota in order to start a new party.

Last week Luhabe and the IDC denied claims by the ANC Youth League that Luhabe was directing some of its funds to her husband's new political movement.

ANC Youth League spokesperson Floyd Shivambo earlier accused Luhabe of "abuse of power" of her IDC position to divert funds to the breakaway party of former ANC heavyweights Lekota and her husband, Shilowa.

Mantashe and Luhabe embraced and exchanged greetings when they arrived for the business forum, but the two sat apart.

Addressing the business representatives, Mantashe said their focus should not be on the split in the ANC, but rather on the challenges facing the country - poverty and unemployment.

Political leadership was central to South Africa meeting these challenges, but they could not be reduced to competition between political parties.

Work on poverty and unemployment had been going on for years, and could not be "reduced to the moment".

Manto replacement

He said education and health had been identified as priorities for the next few years and that the recent cabinet shuffle proved the government's commitment on this score.

Mantashe told the businessmen the replacement of Manto Tshabalala-Msimang with Barbara Hogan as health minister had not been informed by the "love" of any individual over another, "but the call from society [to] say please do something about the health sector".

Action in the safety and security sector had been a response to a similar call "to remove the tensions that had been there for some time" and on the justice side, after the confrontations involving the National Prosecuting Authority, it was time "to bring in some fresh air".

Mantashe said the ANC was treating the latest political developments as "normal evolution" in a democracy.

- Sapa

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Putting Facebook's flop under the microscope
May 22 2012 10:21

Antony Currie and Breakingviews columnists dissect what went wrong with the social network's IPO. (Reuters)

Sasha

"Why did Naspers drop so much yesterday? Because Tencent fell hard on the Facebook share price. I wouldn't be too worried. Many traders were banking on a big rerating in social media companies following the Facebook IPO, this is one of the reasons Tencent is up 35% this year. So yes, they have been... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...