We, the African Congress for Transformation, stand resolutely in our pursuit of a just and transformative society that addresses the historical injustices and systemic inequalities that persist in our nation. Our position on economic inclusion outlines our bold vision and radical policy agenda to bring about true economic empowerment and social justice as follows:

a. Promote job creation: We will implement policies to stimulate economic growth, encourage entrepreneurship, and attract both domestic and foreign investments. This will lead to increased job opportunities for all, with a particular focus on marginalized communities.

b. Skills development: We will prioritize investing in vocational training and skill development programs to ensure that our workforce is equipped with the necessary skills for the jobs of the future.

c. Microfinance and small business support: We will establish accessible micro-finance programs and provide support for small businesses, enabling them to thrive and contribute to the overall economic development of our nation. Further than this, we will promote cooperative enterprises, community-owned businesses, and worker cooperatives to empower local communities.

d. Implement policies that prioritize the empowerment of historically disadvantaged individuals and communities, including targeted procurement and ownership mandates.

e. The establishment of a state-owned bank: the ACT recognizes that the financial sector plays a crucial role in shaping a nation’s economy and ensuring equitable access to financial services. We believe that a state-owned bank can serve as a powerful tool for promoting economic development, social welfare, and financial inclusivity. A state-owned bank can prioritize reaching underserved and marginalized populations, ensuring that all citizens have access to basic financial services such as savings accounts, loans, and payment systems. By providing services in remote and underserved areas, the state-owned bank can reduce financial exclusion and empower individuals and businesses.

f. Nationalization of the Reserve Bank: the ACT believes that the Reserve Bank should play a critical role in shaping monetary policy, ensuring financial stability, and advancing the economic well-being of its citizens. We advocate for the nationalization of the Reserve Bank, which we see as a step toward greater democratic control, economic sovereignty, and alignment with the needs of the nation. Nationalizing the Reserve Bank ensures that its decision-making is more transparent and directly accountable to the elected representatives of the people. This alignment of authority enhances the ability of citizens to influence monetary and economic policies that directly impact their lives. More than this, the country can assert greater control over its monetary policy and financial system. This enables SA to pursue economic strategies that prioritize its unique needs and challenges, rather than being beholden to external interests.