Thu Oct 20 23:24:46 SAST 2016

Finances, Zuma worry SACP

By unknown | Aug 25, 2008 | COMMENTS [ 0 ]

Eric Naki

The national treasury needs to be reined in so that it applies the government's policies instead of running the country's finances in its own way, says the South African Communist Party (SACP).

The SACP also asked for a national political solution to be found by all South Africans to the current criminal case against ANC president Jacob Zuma and for oil-from-coal firm Sasol's "super profits" to be taxed.

Party secretary general Blade Nzimande, pictured , expressed concern yesterday at the end of a two-day SACP central committee meeting about the treasury's "overwhelming dominance".

Nzimande reiterated the party's call for Sasol to be renationalised. He said despite reports that Sasol's actual cost to produce a barrel of oil was between $30 and $40, the company sold its oil at the price of Brent crude oil locally.

"The SACP proposes the tax should be ring-fenced and used to develop alternative and sustainable energy sources."


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