Democratic Alliance’s (DA) Athol Trollip says the ANC’s handling of the rhetoric around nationalising the Reserve Bank was an indication of the ruling party’s failure to provide policy certainty.
Trollip says the ANC cannot offer the kind of policy certainty that is required to attract foreign investment which can help grow the country’s economy.
He says factionalism within the party shows a lack of unity which further threatens policy certainty.
Trollip is presenting the DA’s plans for the economy post the elections to the metals and engineering sector in Auckland Park, Johannesburg.
“Economic growth is stimulated by policy certainty and coherence and that’s something that’s in short supply at the moment in South Africa.”
“That’s why we do not have foreign direct investment that allows this country to grow. Some example of that is the President of the country going to Davos to speak to the World Economic Forum and giving assurance to them that we’re not going to nationalise the Reserve Bank.”
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