S.Africa's ANC wants tighter control on economy
Johannesburg, 06 Mar – (ANA) - South Africa's ruling ANC wants greater government control over Africa's largest economy, a windfall levy on mining firms and a rapid expansion in the services offered by postal banks, it said in policy documents released yesterday.
The documents from the party that has ruled the country since apartheid ended 18 years ago will be used to frame debate when the African National Congress holds a policy meeting in June. Since it commands a comfortable majority in parliament, its policy recommendations are often turned into legislation.
"We need to ask ourselves whether simply more of the same will help us transform the economy so as to address the challenges of unemployment, poverty, inequality and growth," the party said.
The ANC did not offer a great deal of detail but said it wants to see state-owned enterprises be centres of job growth. It backs the government's plans to spend billions of dollars over the next several years on infrastructure projects to increase the enterprises' output and create employment. (ANA)
FA/ANA/06 March 2012-----------