The African National Congress document, seen by Bloomberg, recommends that private companies invest in infrastructure and take over state-owned firms. It also envisions businesses and individuals donating land to kickstart a program to improve access for Black farmers.
Many of the firms are now dependent on government bailouts and the country’s ailing power utility, Eskom Holdings SOC Ltd., has subjected the country to an increasing number of electricity outages, known locally as load-shedding. The ANC has an alliance with the South African Communist Party and retains strong ties with Russia and Cuba, and it previously adopted proposals to establish a state bank, nationalize the central bank and make it easier to seize land without compensation.
Pule Mabe, a spokesman for the ANC, didn’t respond to requests for comment. The document’s preparation comes ahead of the party’s policy conference, which will take place later this year.A key plank of the party’s draft recommendations is that the Land Reform and Agricultural Development Agency proposed by the government facilitate land donations and reward those companies with recognition for boosting Black participation in the economy, a requirement to do business with the state.
There is a reason why they want it private they are very sly and think people are stupid
Little too late ✌️
Suddenly. Thought they wanted to control EVERYTHING