1. Reintroduce Foreign Exchange Controls and Tax Financial Speculation:
Implement foreign exchange controls to stabilise the currency and introduce taxes to curb financial speculation, redirecting investment toward long-term developmental projects
2. Nationalise the South African Reserve Bank:
Broaden the Reserve Bank’s mandate to include reducing unemployment and allocating credit to targeted economic sectors, alongside maintaining price stability.
3. Promote Developmental Investment and Create a Sovereign Wealth Fund:
Stabilise public debt by requiring pension funds to invest in state designated developmental bonds at low interest rates, direct the Reserve Bank to fund developmental projects, and establish a sovereign wealth fund to invest in natural resource proceeds for future generations
1. Review and Terminate Unfavourable Trade Agreements:
Assess all trade and investment agreements, ending those that do not benefit national interests.
2. Implement Selective Trade Policies:
Use export taxes, subsidies, import duties, and other trade policies to protect and promote local production.
3. Encourage Beneficial Foreign Investment and Combat Illegal Trade:
Attract foreign investment that transfers skills and technology to local entities with clear exit clauses, and establish a specialised unit within the South African Revenue Services to combat counterfeit goods, illegal imports, and smuggling. Contribute to enforcing high local and African content within the Africa Free Continental Trade Agreement.
Guarantee jobs for all who need them via an enhanced public works program, massive infrastructure initiatives, and improved basic service delivery.
2. Establish Comprehensive Social Security and Basic Income Grant:
Implement a social security system to prevent poverty and introduce a Basic Income Grant to ensure a minimum standard of living for the unemployed.
3. Increase Support Grants and Promote Industrialisation:
Raise the Child Support Grant and Old Age Pension to ensure a minimum living standard for children and the elderly, and support industrialisation through targeted financing and skills development programs.
1. State-Controlled Infrastructure Development:
Infrastructure projects will be state-directed, with the private sector playing a supportive role, and funded through pension funds and the SARB, avoiding foreign loans.
2. NationaliseInfrastructurePlan: Implement a comprehensive National Infrastructure Plan focused on roads and rail to dismantle apartheid spatial patterns, integrate rural areas into the economy, and improve economic efficiency.
3. Educational and Health Infrastructure:
Expand and upgrade school infrastructure, eliminate pit toilets, improve safety, and introduce ICT in public schools; similarly, enhance health infrastructure by upgrading hospitals and clinics with adequate resources, equipment, and technology.
4. Water and Municipal Services:
Strengthen Water Boards, build dams, upgrade water distribution infrastructure, and nationalise the private dams; improve Municipal Engineering Services to maintain bulk infrastructure, eliminate tender systems, and create sustainable jobs.
5. Investment in Transportation and Ports:
Invest in railway infrastructure, improve road safety with technology, restore control of ports to Transnet National Ports Authority, and develop both national and secondary road networks to support economic growth and regional trade.
6. Prioritise Existing Infrastructure:
Allocate a significant portion of the infrastructure budget to maintain, rehabilitate, and upgrade existing infrastructure, rather than focusing solely on building new projects that will require future maintenance.
7. Restore Ecological Infrastructure:
Invest in restoring ecological infrastructure to enhance ecosystem resilience, mitigating the impacts of climate change and safe-gaurding built infrastructure investments. Restoration efforts will ensure water quantity and quality from vital water source areas, promoting cost-effective sustainability
1. Halt Privatization and Review Partenerships:
Cease privatisation of State-Owned Enterprises (SOEs) and review all public-private partnerships to ensure state control and leadership.
2. Rebuild and Renew Energy Infrastructure:
Develop plans to rebuild Eskom, renew coal fleet, extend power station lifespan, and consider small nuclear plants to bolster energy security.
3. Strengthen Transnet and Public Rail: Improve rail systems, localise manufacturing, resolve locomotive issues, recapitalise Passenger Rail Agency, and reverse South African Airways sale for a robust national airline.
4. Establish New SOEs and Enhance Existing Ones:
Create new SOEs for development, including a construction company for infrastructure projects and pharmaceutical company for healthcare; strengthen Denel and explore commercialisation of technologies to support local manufacturing.
1. Ensure Stable Electricity Supply and Local Mineral Value Addition:
End load-shedding, provide affordable electricity to manufacturers, and nationalise mines to promote local value addition in foundries, particularly in mining towns.
2. LinkInfrastructureDevelopment toManufacturing:
Strengthen local procurement to connect infrastructure development with manufacturing, revitalising sectors like steel through rail revitalisation.
3. Promote Strategic Sectors and Industrial Financing:
Focus on strategic sectors like petrochemicals, steel, forestry, and cement; provide industrial financing at low interest rates to support manufacturing growth.
4. Support SMMEs, Special Economic Zones, and Automotive Manufacturing:
Establish a fund for SMMEs and startups, create Special Economic Zones near settlements for job creation, enhance local automotive manufacturing using Denel technologies, and promote the production of electrical vehicles for urban transport.
5. Invest in Skills Development and Technological Innovation:
Support skills development and technological innovation in key value chains such as textiles, food processing, and fast-moving consumer goods to enhance competitiveness in light of manufacturing.
1. Land Restribution and Agricultural Infrastructure:
Implement land expropriation without compensation for national development, establish a state-controlled national irrigation system, and ensure fair allocation of water rights to support agriculture.
2. Transportation and Financial Support:
Develop access roads and revitalise the rail system to facilitate farmers’ access to markets, strengthen the Land Bank to provide affordable financing, and regulate fertiliser prices while supporting animal feed production.
3. Promote Organic Farming and Cooperatives:
Establish an organic crop improvement, establish farmer co-operatives for input access, promote skills development through agricultural colleges, and build modern silos for food storage to stabilise prices and ensure profitable markets for agricultural co-operatives.
1. Township Economy Revitalisation:
Focus on repairing and revitalising the township economy to boost its contribution to the national economy.
2. Reform SMME Prioritisation and Legislation:
Revamp the concept of Small and Micro Enterprises (SMMEs) to prioritise small businesses, develop legislation to tie big corporates to township development goals, and prohibit foreign nationals from operating certain township businesses
3. Training, Certification and Start-Up Capital:
Compel township enterprise owners to undergo government sponsored training and certification, provide start-up captial in the form of equipment and facilities, and establish Micro Economic Zones (MEZOs) in every township.
4. Centralised Commercial Hubs and Oversight:
Setup MEZOs as centralised commercial hubs, employ Community Enterprise Development Inspectors (CEDI) to ensure service quality and professionalism in township enterprises, and offer guarantees to banks to facilitate funding for small enterprises
5. Tax Incentives and Bank Guarantees:
Provide tax rebates for businesses meeting developmental goals, guarantee bank funds for small enterprise expansion, and focus on development-oriented banking for the black population.