{"id":8605,"date":"2012-03-06T02:55:49","date_gmt":"2012-03-06T00:55:49","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africas-anc-wants-tighter-govt-hand-on-economy\/"},"modified":"2012-03-06T02:55:49","modified_gmt":"2012-03-06T00:55:49","slug":"s-africas-anc-wants-tighter-govt-hand-on-economy","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-anc-wants-tighter-govt-hand-on-economy\/","title":{"rendered":"S.Africa&#8217;s ANC wants tighter gov&#8217;t hand on economy"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* ANC wants windfall tax on mining firms<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Economists question ANC&#8217;s model for growth<\/p>\n<p><span><\/span><\/p>\n<p>By Jon Herskovitz<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 5 (Reuters) &#8211; South Africa&#8217;s<br \/>\nruling ANC wants greater government control over Africa&#8217;s<br \/>\nlargest economy, a windfall levy on mining firms and a rapid<br \/>\nexpansion in the services offered by postal banks, it said in<br \/>\npolicy documents released on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>The documents from the party that has ruled the country<br \/>\nsince apartheid ended 18 years ago will be used to frame debate<br \/>\nwhen the African National Congress holds a policy meeting in<br \/>\nJune. Since it commands a comfortable majority in parliament,<br \/>\nits policy recommendations are often turned into legislation.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We need to ask ourselves whether simply more of the same<br \/>\nwill help us transform the economy so as to address the<br \/>\nchallenges of unemployment, poverty, inequality and growth,&#8221; the<br \/>\nparty said.<\/p>\n<p><span><\/span><\/p>\n<p>The ANC did not offer a great deal of detail but said it<br \/>\nwants to see state-owned enterprises be centres of job growth.<br \/>\nIt backs the government&#8217;s plans to spend billions of dollars<br \/>\nover the next several years on infrastructure projects to<br \/>\nincrease the enterprises&#8217; output and create employment.<\/p>\n<p><span><\/span><\/p>\n<p>Economists have said the ANC is looking in the wrong<br \/>\ndirection and should be doing more to support the private<br \/>\nsector, which is subject to a raft of labour regulations seen as<br \/>\nstifling job growth and ranked as among the globe&#8217;s most<br \/>\nrestrictive by the World Economic Forum.<\/p>\n<p><span><\/span><\/p>\n<p>Almost all the state-owned enterprises have had management<br \/>\ncrises and financial difficulties in the past few years, raising<br \/>\nquestions about their ability to be drivers of growth.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* ANC wants windfall tax on mining firms * Economists question ANC&#8217;s model for growth By Jon Herskovitz JOHANNESBURG, March 5 (Reuters) &#8211; South Africa&#8217;s ruling ANC wants greater government control over Africa&#8217;s largest economy, a windfall levy on mining firms and a rapid expansion in the services offered by postal banks, it said in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8605","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8605"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8605\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}