SACP slams National Treasury's economic plan

By Doug Mattushek - 01 September 2019Views : 858


The South African Communist Party has spoken out against the document released by the National Treasury outlining plans to fix the economy.

Earlier this week, the Treasury released a 75-page document, named “Economic transformation, inclusive growth, and competitiveness: Towards an Economic Strategy for South Africa”, that aims to create over one million jobs and kickstart the ailing economy.

Desperate times call for desperate measures and the document proposes interventions such as lowering the fuel price, relaxing immigration measure to attract more skilled workers and allowing homes and businesses to feed power back into the grid.

ALSO READ: New economic transformation plan to create one million jobs

However, the SACP has slammed finance Minister Tito Mboweni for releasing the document without consulting them.

"For the record, the SACP has consistently campaigned against neo-liberal policy regime measures," read a statement.

"It is this economic policy regime that has plunged the world into economic crisis and our country into the undesirable economic situation it finds itself in today.

"The SACP will continue to challenge such measures, regardless of their make up and will not allow any form of neo-liberal opportunism whatsoever to exploit our country’s economic situation."