January 20, 2021

EFF: Ramaphosa Economic Approach Is Flawed

President Ramaphosa’s approcah to economic growth is fundamentally flawed and will lead South Africa to recession, says the EFF

(PHOTO: Floyd Shivambu and Julius Malema of the Economic Freedom Fighters (EFF). Photograph: Felix Dlangamandla/Foto24/Gallo Images/Getty Images)
The EFF issued a statement after reports of the economy which shrank by a shocking 3.2% in the first quarter of 2019, which is the largest decline seen since the global financial crisis 10 years ago.
In a statement, the EFF believes the major cause of economic decline is Ramaphosa’s focus which isn’t on primary sectors of the economy, mainly agriculture and mining.

ALSO READ: Shell Slammed For Opting To Donate R500 000 To Charity In Nkosikho Mbele’s Name.

As a resolution to the crisis, the reb berets urged the president to gear the state and state-owned companies to spend a minimum of 80% of their budgets on locally manufactured goods and products, expropriate land without compensation, and creating a state bank.
Ramaphosa took over government a year ago after President Jacob Zuma, and was inaugurated for his term in May 2019.

Read Previous

Shell Slammed For Opting To Donate R500 000 To Charity In Nkosikho Mbele’s Name.

Read Next

SARS: Taxpayers Earning Below R500 000 No Longer Required To Submit Returns

Leave a Reply

Your email address will not be published.