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South Africa's ANC moves to reassure investors after poll win

Published on May 11, 2014 10:58 PM
 
African National Congress (ANC) supporters celebrate during the victory celebrations of the ANC at the Peoples Park outside the Moses Mabhida Football stadium in Durban on May 10, 2014. South Africa's ruling ANC vowed on Sunday, May 11, 2014, 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. -- PHOTO: AFP

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.

 
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