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What plans do our political parties have to restore our economy?

2 March 2019 12:30 PM
Tags:
South African economy
2019 general elections
According to Stats SA, The economy grew by 2,2% in the third quarter of 2018 .

Have you decided which political party you will be voting for come general elections in May? Or maybe you are not sure if there is even a reason to vote?

Approaching elections, we will be talking to experts in different areas such as economic policy, land redistribution, crime and community safety and the most burning topics for this elections season. We will be looking at how the three influential political parties in South Africa plan to fix some of the biggest problems which we face as a country.

Speaking to Africa on the Weekend Breakfast, professor Jannie Rossouw who is the Head at of School of Economic and Business Sciences at Wits said, it is not easy to distinguish which political party has the best manifesto as the Democratic Alliance is currently in crisis and we do not know what they stand for. Professor Rossouw said the party is inherently split between Helen Zille and Mmusi Maimane's camp, and until such time this inherent dispute is resolved, we will not know what the party stands for.

In the past few years, the African National Congress has moved in the direction of the Economic Freedom Fighters. It seems that in the ANC since 2014 realised that there is growth in the space that the EFF is serving and that is why it moved many of its positions in that direction, like supporting expropriation of land without compensation and the nationalisation of the South African Reserve Bank.

Prof Jannie Rossouw - Head of School of Economic and Business Sciences at Wits

The economy grew by 2,2% in the third quarter of 2018 according to Stats SA. This brings to an end the country’s second recession since 1994. Higher contributions to growth in a number of industries –most notably in manufacturing, transport as well as finance and business services – were enough to lift economic growth back into positive territory.

Click below to listen to the full interview:

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2 March 2019 12:30 PM
Tags:
South African economy
2019 general elections

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