SOUTH AFRICA'S ANC ECONOMIC COMMITTEE CHAIR GODONGWANA SPEAKS
S.AFRICA ANC SEEKS CONSTITUTION CHANGES FOR LAND EXPROPRIATION
S. AFRICA'S ANC SAYS LAND EXPROPRIATION MUSTN'T HURT ECONOMY
S. AFRICA'S ANC SAID TO DECIDE CENTRAL BANK MUST BE STATE-OWNED
Enoch Godongwana, head of the party’s economic transformation committee, told reporters that ANC’s National Executive Committee will seek an amendment to the constitution to allow for land expropriation, noting that the confiscation must be sustainable and mustn’t damage economy and food production.
South Africa’s ruling party has also accepted a proposal that the central bank should be wholly state-owned rather than an institution with private shareholders, according to two people familiar with the matter.
Delegates at the African National Congress’ elective conference in Johannesburg decided 100 percent of the Reserve Bank should belong to the government, said the people who asked not to be identified because it hasn’t been made public yet.
It appears investors are sellers of this renewed nationalism...We last saw these headlines in the summer - sparking a ZAR selloff of over 3.0%.
More
2 comments:
Oh, great idea! Crash your whole economy in one fell swoop!
Good luck with that! LOL!
A vote for Bernie Sanders would have sent us up that river!
Post a Comment