South Africa: ANC economic policies `will change`

12 November, 2008 in South Africa

source: IOL
November 11 2008 at 07:21PM

The ANC’s economic policies are going to change, the party’s secretary general Gwede Mantashe told businessmen in Johannesburg on Tuesday.

However, these changes would involve “retaining and building” on what had worked and changing what had not worked, he said.

They would be based on an “ideological shift”.

Since the ANC’s 52nd National Conference in Polokwane in December, the ruling party has been at pains to assure the business community that its policies will not change.

On Tuesday, Mantashe said the party was talking about “continuity of change”.

Among other areas which would be subject to change was the country’s industrial policy. Instead of leaving its regulation to market forces, the government would be able to intervene and direct resources “to where they [continue reading]