ANC must embrace local economic growth strategies: Cosatu


The ruling party is currently holding its sixth national policy conference at the Nasrec Exhibition Center in Johannesburg.

FILE: Unemployed builders, tilers and plumbers hold placards looking for jobs on the side of the road in Johannesburg in November 2019. Photo: AFP

JOHANNESBURG – Trade union federation Cosatu has said the African National Congress (ANC) must come up with clear strategies to develop the local economy.

It came as the ruling party held its sixth national policy conference at the Nasrec Expo Center in Johannesburg.

Cosatu said the time has come for the ruling party to come up with clear policies to reduce the export of raw materials and revive the country’s manufacturing sector.

Cosatu President Zingiswa Losi said the country’s current economic setup under the ANC-led government was failing to deliver much needed jobs and economic growth.

“You are not going to create jobs by relying on imports and you are not going to create jobs by relying on the export of our raw materials either.”

Losi said the ANC should keep its promise to deal with perpetrators of state captures and ensure clean governance in state-owned companies like Eskom.

She said the ANC-led government would attract no investment if it continued to fail to implement policies aimed at developing local economies as well as tackling poverty, unemployment and inequality.

The ANC policy conference – which started on Thursday is expected to continue until Sunday.


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