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DA conservative on radical economic reforms

DA conservative on radical economic reforms

Agriculture

from DION HENRICK in Cape Town, South Africa
CAPE TOWN, (CAJ News) – THE South African main opposition, Democratic Alliance (DA), has called on the governing African National Congress (ANC) to shelve its radical economic transformation approach as the country battles rising unemployment.

DA argued ANC’s approach would worsen unemployment currently affecting over 9 million people directly.

“The fact is that ‘radical economic transformation’ is killing the economy and that is why we need a fundamental shift in economic policy to boost economic growth and create jobs in South Africa,” said DA Shadow Minister of Finance, David Maynier.

Maynier, who is also a member of parliament (MP), argued the current Gross Domestic Product (GDP) of 2,5 percent for the second quarter of 2017 did not completely lift the economy out of recession.

“The fact that GDP, in the second quarter of this year, expanded quarter-on-quarter, by 2,5 percent, lifting the economy out of recession, provides little hope to the 9,3 million people who do not have jobs, or have given up looking for jobs, in South Africa,” he said.

The main opposition argues 30,4 million South Africans, out of 56 million, are living below the poverty line.

However, analysts believe ANC had found the enticing strategy for its 2019 election campaign, something the majority black would resonate with.

ANC argue racism and inequality, both at work and business are still rampant in the country while accusing the minority white of controlling almost all means of production.

– CAJ News

 

 

 

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