Zuma vows to radically transform economy

PRESIDENT Jacob Zuma has recommitted the ANC to the second phase of the democratic transition – that of radical socioeconomic transformation – as part of the party’s plan of action for this year.

Delivering the ANC’s annual January 8 statement as part of the party’s 103rd anniversary celebration in Cape Town on Saturday, Zuma emphasised the second phase of the transformation.

“This represents a fundamental break with the ownership patterns of the past and the putting in place of a South Africa that belongs to all who live in it,” Zuma said.

He sid monopoly capital still had an unhealthy effect on the economy.

“We must break the stranglehold of monopoly capital on our economic development.

“It is imperative that the Competition Commission continues to address monopolistic, collusive and anti-competitive behaviour and becomes even bolder in its preventative and punitive measures,” Zuma said.

He also called for cutting the red tape he said was stifling the full potential of the economy.

South Africa would finalise amendments to applicable laws to ensure that mineworkers and mining communities shared more equitably in the country’s mineral wealth.

He also committed the party to supporting the National Development Plan, through the use of the government’s economic policies, namely the New Growth Path and the Industrial Policy Action Plan.

The statement touched on the loyalty of the emerging black middle class amid concerns among the ANC leadership that it was no longer in step with the party.

Picture: GCIS

“The ANC members and structures must ensure the values that inform the role and outlook of the middle class are consistent with our historic values, namely sacrifice, accountability and integrity.”

Zuma’s statement encouraged the ANC’s branches to take an active interest in the development of local economies, and work with alliance partners such as the SACP and Cosatu on their financial sector campaigns.

It spoke extensively on the ANC’s achievements during the last 20 years with tasks being given to the party of what it must achieve this year.

Zuma used the Freedom Charter as the basis for the statement which paints a picture of the party’s plan for the coming year.

This year marks the 60th anniversary of the drafting of the Freedom Charter in the Johannesburg township of Kliptown.
The charter’s 11 main clauses were drafted in 1955 at an ANC-led congress of the people that included people of all races and political persuasions. – BDlive

– Paul Vecchiatto

2 thoughts on “Zuma vows to radically transform economy

  • January 12, 2015 at 1:03 pm

    Well JZ you say the right thing even though it is scripted by someone else, now it is time for action and to do the things you say. Also I am afraid that using apartheid and holding it to blame for the troubles in the country now is not holding water, if you can’t make a difference in over 20 years with a whole generation of people born outside of apartheid, then perhaps it is time for you to step down and let someone who can make a difference take over.

  • January 12, 2015 at 10:14 am

    Zuma can’t do ANYTHING!!!! Just more yada yada yada! He could n’t organise a booze up in a brewery! There would be BEER SHEDDING!”Sorry we have low beer capacity and are forced to turn you off”. Come on A.N.C. give yourself a chance and replace this man with CYRIL RAMAPHOSA! The Hero of Nkandla has wrecked this country ENOUGH!


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