Five years after the African National Congress (ANC) held its last elective conference in Mangaung, in Free State, the ruling party says it believes it has made some progress in implementing some of its economic goals mapped out at the conference.
Addressing the media in the first of a two-week long series of briefings on the party’s policies ahead of its national conference on December 16, ANC subcommittee on economic transformation chairman, Enoch Godongwana, said that the ruling party has done well in the last five years.
Godongwana, however, admitted that the ANC has faced a lot of challenges in these years too but that application of little changes and structural reform will go a long way in delivering the best to the people.
As enumerated, the ANC is said to have made the following economic successes in five years:
- Key interventions have been made in infrastructure development.
- Progress has been made in implementing Black Economic Empowerment opportunities, particularly through the Black Industrialist Programme.
- Youth employment in the form of tax incentives has progressed.
However, in the area of land reform, Godongwana admitted that it has not “progressed as much as we would have liked”.
“What we have seen in recent years is that economic progress has stalled… Our economy has been performing less than other emerging economies in terms of growth. Investment has fallen largely due to lack of confidence…The implication of this has been a decline in government revenues, while spending is increasing,” the ANC boss added.
The way out, he revealed is to build confidence in the economy and to look at where the key structural reforms that need to be made to change this trajectory is.
On the ANC succession race, Godongwana expressed strong confidence that whoever wins the presidential role will have to implement agreed ANC policies that’ll emerge from the upcoming elective conference.