POLICY CONFERENCE
Many ANC proposals in discussion documents worth debate, says Credit Suisse
The bank considers 70 of the 108 ANC’s statements and proposals as positive for growth, productivity and investment
Credit Suisse has trawled through the nine discussion documents the ANC has tabled ahead of its policy conference and concluded that 70 of the 108 statements and proposals are positive for growth, productivity and investment. Only eight are negative, with the rest neutral. The bank’s researchers caution, though, that almost half of the positive statements "have elements over which investors have doubts". These would be about whether the ANC is committed to implementing the proposals, whether they can be funded or whether they will have unintended consequences. In a report on the ANC’s policy and leadership disputes, Credit Suisse research analyst Carlos Teixeira writes that the nine discussion documents "do not reveal much that is radical, in our assessment", even though the ANC has for years called for radical transformation of society and the economy. Teixeira said there was much in the ANC documents that was worth debate and analysis. "We are, however, concerned that this will no...
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