CAPE TOWN Mostly sunny. Mild.

MIN17
MAX22
7 day
  • Monday 17-24°c Sunny. Mild. Sunny. Mild.
    Tuesday 17-26°c Mostly sunny. Warm. Mostly sunny. Warm.
    Wednesday 18-21°c More sun than clouds. Mild. More sun than clouds. Mild.
    Thursday 17-21°c a few showers. More sun than clouds. Mild. a few showers. More sun than clouds. Mild.
    Friday 16-20°c Morning clouds. Mild. Morning clouds. Mild.
    Saturday 15-21°c Sunny. Mild. Sunny. Mild.
More News

EFF criticises private sector on jobs

2014-03-18 07:32
Floyd Shivambu. (Werner Beukes, Sapa)
Pretoria - South Africa's private sector has been given a chance to increase employment for the past 20 years and has failed, the Economic Freedom Fighters said on Monday.

"The private sector has failed and was not able to deal with unemployment and inequality," EFF commissar on political education and research Floyd Shivambu said during an election debate by leaders of various political parties in Unisa, Pretoria.

The EFF would nationalise the country's mines, banks and redistribute land among the landless, he said.

"There is something scandalous about South Africa's revenue sources... we are the number one producer of minerals in the world."

There was an urgent need for change in the tax structure for corporates, Shivambu said.

"The mineral wealth of this country is worth $4.7 trillion (R50.4 trillion), but mines' contribution to the national fiscus is only 20%. That can't be right."

Socialism

Lyndall Shope-Mafole of the Congress of the People said most socialist countries had moved from socialism.

"I grew up in socialist countries and attended school in Czechoslovakia and Cuba. The Czech Republic has done away with socialism and nationalisation, Cuba on other hand is starting to privatise," she said.

DA Gauteng premier candidate Mmusi Maimane said the country needed to build a culture of entrepreneurship.

"We need to encourage an environment conducive for investments and build entrepreneur[s], and therefore lay ground for development and create jobs," Maimane said.

- SAPA
Read more on: da  |  eff  |  lyndall shope-mafole  |  mmusi maimane  |  floyd shivambu  |  employment  |  economy  |  elections 2014

More In This Category
Cadres must be competent: Mantashe

The appointment of individuals to top positions in municipalities must be based on competence and not on political connections, ANC secretary general Gwede Mantashe says.

All top ANC members to get time off

The ANC's electioneering campaign has taken its toll on all members, not only President Jacob Zuma, the party says.

Zuma in Pretoria hospital

Other than saying it is in Pretoria, the presidency will not disclose "for privacy reasons" the name of the hospital where President Jacob Zuma is undergoing tests.

Zuma admitted to hospital

UPDATE 13:46: An "exhausted" President Jacob Zuma has been admitted to hospital for unspecified tests.

Comments
Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
194 comments
Add your comment
Comment 0 characters remaining
News24 |  OLX  |  PriceCheck  |  Property24  |  Kalahari.com  |  Careers24