What Zuma said about land reform, the economy and factionalism
Jacob Zuma delivered his final January 8 statement as party president amidst rain and grey skies at the Orlando Stadium in Soweto on Sunday
The ANC must use the levers of state power to grow the economy, President Jacob Zuma said on Sunday. To increase the ownership of the economy by the black majority, the government had to embark on a labour absorbing growth path, with every rand spent aiding job growth. “(The ANC) has a duty to use government incentives, procurement, infrastructure investment and other measures to create new industries and expand existing industries,” he said delivering the party’s anniversary statement on Sunday. The R870bn set aside for infrastructure development would create entrepreneurs and new regulations to be introduced in 2017 will make it compulsory for large construction companies to ensure that 30% of the contractors used are small and medium enterprises. Zuma said this should empower black owned companies. The party was optimistic that an economic growth forecast of 2.9% would be achieved and highlighted the manufacturing sector as another catalyst for growth. “This is illustrated by the...