13 ways ANC wants to improve SA economy

Cape Town - The African National Congress agreed on measures to shore up the economy, address power shortages and improve governance at a three-day policy forum that ended on Sunday near Johannesburg.

Here are 13 of the party’s key decisions:

1. Eskom should revamp aging power stations in partnership with private industry, while a detailed cost-benefit analysis should be undertaken into the viability of building new nuclear plants.

2. Manufacturing incentives should be reviewed to ensure they support jobs. State backing should be given to the steel and agricultural industries.

3. Laws regulating the oil and gas industry should be finalised to provide certainty to investors.

4. A standoff with the mining industry over black-empowerment requirements must be urgently resolved.

5. Consideration should be given toward implementing a wealth tax.

6. The budget should focus on investment rather than consumption expenditure.

7. A pact should be concluded with the financial services industry to secure funding for infrastructure projects on favourable terms.

8.  A minimum wage should be implemented once a study into an appropriate level has been implemented.

9. The implementation of a national health insurance plan should be accelerated and the state should ensure the necessary financing is made available.

10. The government should press ahead with laws that will ensure all private security companies are locally owned.

11. State workers should be periodically rotated to reduce the possibility of them forming corrupt relationships.

12. Lifestyle audits should be undertaken for state workers.

13. An agency should be established to vet all strategic state workers and officials at state-owned companies.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
15.80
+1.1%
Rand - Pound
19.39
-0.0%
Rand - Euro
16.68
-0.0%
Rand - Aus dollar
10.98
-0.1%
Rand - Yen
0.12
-0.0%
Gold
1,827.37
0.0%
Silver
21.15
0.0%
Palladium
1,880.50
0.0%
Platinum
911.50
0.0%
Brent Crude
113.12
+2.7%
Top 40
59,993
+1.6%
All Share
66,349
+1.6%
Resource 10
64,422
-0.2%
Industrial 25
76,590
+2.6%
Financial 15
15,623
+1.9%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot