South Africa's ANC moves to reassure investors after poll win
Published on May 11, 2014 10:58 PM
JOHANNESBURG (AFP) - South Africa's ruling ANC vowed on Sunday to restore investor confidence with stable policies after its landslide victory in elections that marked 20 years of democracy but came amid an economic slump.
The African National Congress secretary general Gwede Mantashe committed to "being clear on the policies of the ANC," pointing toward the government's far-reaching National Development Plan (NDP).
"That's why we put an emphasis on the NDP. That is a firm commitment that will guide our implementation over the next five years," Mantashe, the party's secretary general, told a news conference.
The NDP envisages major infrastructure projects and rejects the nationalisation of key sectors such as mining. Proposed in 2011, it encountered fierce opposition from ANC allies - prominent unions and the Communist Party.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!