Eric Naki
Political Editor
3 minute read
3 Oct 2019
10:00 am

ANC swallows Mboweni’s bitter fiscal pill… but will Cosatu, SACP?

Eric Naki

The ANC is backing Finance Minister Tito Mboweni’s plan to get rid of dysfunctional SOEs, but Cosatu insists it will oppose any privatisation plans.

Finance Minister Tito Mboweni has come under fire from the DA over his admission that part of the IMF loan could be used to pay salaries. Picture: Emmanuel Croset

The ANC has endorsed Finance Minister Tito Mboweni’s plan to get rid of state-owned enterprises (SOEs) that were malfunctioning, offering to bring in worker and social models of ownership in running these entities. ANC secretary-general Ace Magashule told The Citizen yesterday they planned to get rid of SOEs that “were not functioning” but the matter would be discussed with the alliance partners. He declined to name the entities identified. “We are in discussion with our allies. The Party (SACP) is saying to us implement your resolutions,” Magashule said. But the Congress of South African Trade Unions (Cosatu) said it would...