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Mangaung crucial for SA economy: Busa

By Sapa | Dec 10, 2012 | COMMENTS [ 6 ]

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.

"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 [ 6 ]

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


Until you SCRAP these concepts, investor confidence will not improve.

Dec 10, 2012 3:48 | 0 replies

Zuma, looks like you must remain on the drivers sit to carry that mandate

Ishayizule Dilayiva, uphinde ubhonxule igiya uzinwaye ngalo emhlane wakho Msholozi!!

Thatha Nxamalala!!!

Dec 10, 2012 3:54 | 0 replies

I remember Susan Shabangu stating that nationalisation as a topic was 'off the table'. So Mantashe is clearly in conflict with the minister who runs that relevant department.

Dec 10, 2012 4:16 | 0 replies

The irony for the ANC is that as long as nationalisation, land redistribution, the union and government alliance, corruption, affirmative action and cadre deployment remain as ANC policy in their current form there is unlikely to be investment in SA and the economy will continue its decline.

Economic development needs true economic freedom not the brand advocated by the ANC and their outcast, Malema. Social engineering policies to steer people's economic and political choices have never had the desired effect - not under communism, fascism, apartheid or any other ...ism, yet the ANC persists in the belief that legislation can change people's behaviours, cultures and beliefs. Instead of compliance, as we are already seeing, people become more dogmatic and entrenched in oppositional behaviour when legislation that is perceived to be contrary to one's interests dictates their behaviour.

As I said, communism, fascism and apartheid all failed for these reasons and the ANC will fail to because it cannot build confidence under conditions where those with the means to production feel insecure by making investments, whether they are South African's or foreign investors.

To the ANC I say, set SA free, focus on nation building, true economic freedom and genuine non-racialism and then you will see how the diverse people of this wonderful country come together, each contributing what s/he can to develop the country. As long as you persue your "old freedom fighter" mentality and policies you will always divide us as a nation and that is the crime against humanity that you perpetuate, because it is keeping many who deserve better in the gutter of apartheid.

Dec 10, 2012 4:35 | 0 replies

Fact-Checker - Merely the ANC pandering to the likes of Lord-Have-Mercy. The elections are closing in, and sheep need a reason to vote ANC.

Dec 10, 2012 4:39 | 0 replies

Everything is going to be normal if all of us who are going to Mmangaung we use our common sense and do what right for this country and retain Zuma, I hope we will not be confused like the folks from Limpopo who want to turn our beautifull country into anarchy

Dec 11, 2012 7:45 | 0 replies