Data provided by iNet BFA
Loading...
See More

DA warns against economy task team

Jul 23 2013 18:34 Sapa


Related Articles

Business ready to help revive economy

ANC moots plan to rescue economy

Mantashe: Farmworkers need own land

Mantashe: NUM, Amcu must stick to rules

ANC must 'start implementing NDP'

Nafcoc members expelled

 
Cape Town - The establishment of a presidential task team on the economy could pose a threat to the Treasury and the National Planning Commission, the DA said on Tuesday.

"There is a very real risk that this will be yet another committee that doesn’t lead to any real action," Democratic Alliance MP Tim Harris said in response to an ANC lekgotla resolution.

Harris highlighted several problems with the task team, including that its mandate appeared "alarmingly broad and unfocused".

"There is a real risk that this could simply become the latest in a long line of bureaucratic measures from the presidency that simply paper over the deep cracks in our economy without leading to any action by government," he said.

The DA would submit a series of questions to National Planning Minister Trevor Manuel, including whether he agreed with the lekgotla proposal.

"How will the presidency avoid creating another bureaucratic 'centre of power' in policy-making when government departments are now simply meant to be implementing the National Development Plan?" was another question Harris intended to ask.

ANC secretary general Gwede Mantashe on Monday announced the intention to establish the task team.

"The sluggish performance of the economy in job creation and the low levels of private sector investment were a source of major concern, hence the proposed presidential task team," said Mantashe.

The team would focus on various sectors, including the mining sector.

Mantashe said Pres. Jacob Zuma's administration would no longer tolerate protracted debates about contentious projects because they often caused investor uncertainty.

He said government would have to take firm decisions to take the country forward, although this might lead to it being taken to court.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

economy
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
49 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Expanding your business requires capital and banks have stringent lending criteria in place.
 

Money Clinic

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