The Economic Freedom Fighters EFF have openly criticized the economy proposals presented by the minister of finance Tito Mboweni’s. The EFF’s deputy president, Floyd Shivambu says the proposal appears to be drafted by consultants.
The deputy president of the party said the proposal proposes reviewing regulations on everything from fuel to banking and suggests ways to get more tourists and immigrants into the country as South Africa battles with a contracting economy. He said “We are going to give a detailed response to what appears to be a consultant’s contribution on what should be the economic growth in South Africa.”
Shivambu said “We definitely know that there was no internal consultative process that involved provinces and that involved a variety of stakeholders in Cabinet to produce this perspective. It looks like the manner in which the Growth, Employment and Redistribution – GEAR was introduced in 1996.” He said the policy will not create jobs.
He added that “It is a fundamental departure from the NDP [National Development Plan] commitments, form the ANC’s manifesto commitments in terms of job creation and economic growth…”
The minister of finance Mboweni released the seventy seven pages economic proposal yesterday for bublic comment.