Shivambu slams Mboweni's plan for the economy: 'Imperialism in action'

Shivambu slams Mboweni's plan for the economy: 'Imperialism in action'

- Floyd Shivambu has condemned Tito Mboweni's new plan for the economy

- Shivambu accused the proposals of being an attempt to "deepen neoliberalism"

- He says the plan won't create jobs or improve living conditions

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EFF deputy president Floyd Shivambu has slammed Finance Minister Tito Mboweni's plan to reinvigorate the economy.

Shivambu described the plan as "imperalism in action". 

The plan was released in the form of a 77-page policy document which includes proposals on areas such as tourism, banking and agriculture.

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According to eNCA, Shivambu said he believed the plan was drawn up by consultants. He also expressed doubt that it would lead to job creation and condemned the proposals for straying from the ANC's previous National Development Plan.

Additionally, he said that the plan contained a number of inconsistencies. For example, he pointed out that it said nothing about the so-called 'fourth industrial revolution', has gathered. 

Specifically, Shivambu took issue with the policy document for allegedly opening the way toward privatisation of state-owned enterprises such as Eskom.

"It is a way of deepening neoliberalism," he said. "It's not going to improve people's conditions. It's not going to create jobs."

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Shivambu also says that the document was created with input from people outside of South Africa. 

"That is why the majority of the times when they speak about the economic value they use the dollar illustration instead of the Rand," he explained. "Someone went to consult with the big bosses like they always do outside of South Africa."

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Source: Briefly News

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