Economics
ANC Looks for New Levers to Boost South Africa’s Economy
- Proposals made by ruling party head of economic transformation
- Creation of state bank, pharmaceutical company proposed
Commuters walk through the Rea-Vaya Thokoza Park bus station in the Soweto district of Johannesburg, on May 14.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
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The head of economic transformation in South Africa’s ruling party proposed a range of measures to bolster the economy, ranging from encouraging the use of pension funds and the central bank to finance infrastructure spending to the creation of a state bank and pharmaceutical company.