Tim Cohen Senior editor: Business Day

What does one say about the EFF’s manifesto? It’s hard to react without exasperation and frustration. One really despairs. Some commentary out there suggests it is a fundamentally dishonest document because the absurdities and contradictions are so extreme it really constitutes a set of lies aimed only at catching votes, written in the knowledge that its loony ideas will not have to be implemented. It’s a kind of click-bait manifesto on crack. But it’s much worse than that. It’s so fundamentally outside the realm of modern economics it's positively martian. It not only declares itself in favour of the nationalisation of land, mines and banks but also of “other strategic sectors of the economy”. Without compensation naturally. And then it claims SA’s growth will be 6% in the first two years, and 10% every year after that. Oh dear. And yet, just when you are shaking your head in a gloom, you read something sensible. The EFF says it will abolish the 30% pass mark and increase it to 50%...

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