Fin24

Busa: Mangaung crucial for SA economy

2012-12-10 16:11

Johannesburg - Policy decisions made by the ANC during its national conference in Mangaung can prevent the country's economy from declining, Business Unity SA (Busa) said on Monday.

"Busa sees the forthcoming ANC... conference in Mangaung as a crucial one for South Africa from the point of view of political leadership and policy certainty," it said in a statement.

"A clear affirmation of policy direction from the conference could do much to help build a South African economy which is bigger, stronger, and better in the years ahead."

South Africa had experienced "significant domestic developments" which had affected the country's economic outlook and confidence.

If these developments were not taken into account at the conference, the country would no longer be able to withstand the worst effects of the global financial crisis.

"In order to help meet SA's pressing socio-economic challenges, the Mangaung conference needs to take in key decisions that will boost investor confidence needed to underpin higher growth and employment," it said.

"Busa believes that South Africa's perceived economic decline can only be arrested if a firm policy basis is forged at Mangaung to find real solutions to the structural socio-economic challenges facing South Africa."

African National Congress secretary-general Gwede Mantashe wrote in this week's Sunday Times that the party's vision for economic growth would take "centre stage" at the conference.

Crucial issues, such as the nationalisation of mines and land redistribution, would be debated.

Mantashe wrote on nationalisation: "It is true that any further uncertainty on this matter will affect our ability to attract more investment to the country.

"While investor sentiment cannot dictate economic policy, uncertainty is not to be encouraged if we are serious about partnering locally and globally to build the economy that will aid us to tackle the challenges we all know about."

The conference will be held from Sunday.

Comments
  • mart.botha - 2012-12-10 16:25

    Think about these lyrics before electing fools who have no interest in you as a person..... A Stranger On Earth Some fools don't know what's right from wrong, ...But somehow those folks belong. Me, I try for all I'm worth, But I still remain a stranger on this earth. Some people gloom, other folk cry. Me, I have to struggle to keep alive. Ever since the day of my birth I've been a stranger, stranger on this earth. I try to be what all folks should, Forgetting the bad and doing good. But no matter how I try, My troubles always multiply. Now I've been doing the best I can Ever since life began. Some day when I prove my worth I won't be a stranger on earth. Now I've been living the best I can Ever since my life began. The day's gonna come when I prove my worth And I won't be no stranger, No, I won't be a stranger On this earth.

  • goyougoodthing - 2012-12-10 16:48

    Forgive me but how can people with no education such as the President make informed policy decisions?

      Don.Tandy - 2012-12-10 17:09

      Doesn't need much education for fools like showerhead to dip your hands into the cookie jar.

      saintbruce.bruce - 2012-12-10 17:40

      Doing more of the same thing [ re-electing Zuma and his pals ] and then expecting a different - improved? - result, is a definition of Insanity! We need foreign investor confidence. Right? Take your hands out of the cash till right now ANC Cadres and PROVE you can do upright and honest business by taking the harshest action possible on corruption - starting at the Top! Maybe then those with money might take you seriously.

      gerasimos.komnenus - 2012-12-11 07:25

      “Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion – (BEE) When you see that in order to produce, you need to obtain permission from men who produce nothing – (ANC labour laws, BEE, Quota systems) When you see that money is flowing to those who deal, not in goods, but in favours – (ANC Cadre deployment, Nepotism, Tenderpreneurs) When you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you – (Info Bill) When you see corruption being rewarded and honesty becoming a self-sacrifice – (ZUMA et al) You may know that your society is doomed… Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. (Sub Saharan –Africa) Destroyers seize gold and leave to its owners a counterfeit pile of paper.” (Marikana-Check out the new Mandela notes rub them on some white paper and the ink comes off –how much more Mickey Mouse COUNTERFEIT can we get?!) (Ayn Rand “ATLAS SHRUGGED”)

  • ifosfamide - 2012-12-10 17:01

    Nice warning, but we all know Mangaung will be DOMINATED by 'Leadership Debates'.....similar to Polokwane. SA takes a back seat while top ANC members jostle for a slice of that sweet tax funded pie. These are largely career politicians after all.

      julio.sanfona - 2012-12-10 18:43

      This is the time when the ANC come out of their slumber, just to come and feed at the trough.

  • Don.Tandy - 2012-12-10 17:06

    Conference to build economy - for who - the thieving fat cats at the head of the ANCorruption. Up to now these gangsters have done nothing to stimulate any confidence that they will not just continue to pillage what they can for themselves. Fools.

  • butch.poulter - 2012-12-10 17:14

    And all this after 18yrs of WHAT? Is one organised f&*k up of a meeting gonna influence outside investment. Negative, No a Realist, Yes.

  • rudzanimulaudzi.mulaudzi - 2012-12-10 17:41

    Only if they focus on what the country needs first before politics and fighting for leadership like what happened in Polokwane.

  • musa.kamashobane - 2012-12-10 21:38

    How many years has Zuma been a President of this country ? Are you suggesting to us or admitting that he has failed therefore his ANC must decide the future of the economy with him still at the helm? Just asking

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