The economic growth proposal released by the finance minister Tito Mboweni is still receiving critiisms from opposition parties as EFF joined the train. Floyd Shivambu the deputy president of the Economic Freedom Fighter has also nailed the minister’s plan saying it is an “imperialism in action”.
The minister unmasked the economic growth plan on Tuesday and called upon South Africans to comment; he said the plan was an attempt to translate the broad outcomes of inclusive growth, economic transformation and competitiveness. Mboweni said the strategy was partly a response to SA’s decline in the global competitiveness rankings – falling from 44th to 67th between 2007 and 2018.
In an interview with the media, Shivambu said he believed the plan was drawn up by “consultants.” He said he doubts that it would lead to job creation and condemned the proposals for deviating from the ANC’s previous National Development Plan, adding that it contained a number of inconsistencies.
The deputy leader also pointed out that he plan did not mention anything about the “fourth industrial revolution.” 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 SA.”
He didn’t forget to raise the issue with the policy document for allegedly privatising state-owned enterprises such as Eskom and Transnet. Shivambu said “It is a way of deepening neoliberalism and it’s not going to improve people’s conditions. It’s not going to create jobs, 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.”