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Economic Strategy for National Development, Growth and Redistribution


VOTE AZAPO5)  ECONOMIC STRATEGY FOR NATIONAL DEVELOPMENT, GROWTH AND REDISTRIBUTION

  • AZAPO Will Undertake Prudent Macroeconomic Management of the Country’s Resources

AZAPO‘s Macro-Economic Strategy will be premised on development, growth and redistribution. All the wealth produced in the country will be shared equally by all citizens, in pursuit of building an inclusive and productive economy.

Our macro-economic policy management will ensure that key policy instruments such as monetary and fiscal policy; as well as taxation, trade and industrial policy, work in a coordinated and complementary basis. The current system where these economic instruments appear to be working against and in contradiction to one another, with adverse outcomes for growth, jobs, interest rates and inflation, will be abolished.

An AZAPO government will undertake prudent fiscal management to ensure that the country’s finances are not utilised in a fruitless and wasteful manner, as it is the case with the present government. Public finances will be directed primarily towards productive activities such as industrial and infrastructure development, social services and the negation of poverty and underdevelopment.

An AZAPO government will not increase the country’s debt levels to unsustainable proportions, thereby putting the future of our children at risk through debt obligations and repayments in perpetuity.

  • AZAPO Will Adopt a Redistributive Public Finance Policy Targeted At Workers and Poor People

An AZAPO government will adopt a redistributive approach in its public expenditure programme, as well as in its tax policy. This will be done to ensure that the poor and working class communities in society become the main beneficiaries of fiscal grants, tax policy and social spending.

The current regressive tax policy, where the poor and workers contribute more to our fiscus through personal income tax and general taxation will be abolished. In its place, AZAPO will introduce a more balanced and equitable tax system where the super-rich and the big corporations contribute more to the national revenue.All revenue collected will be used to eliminate inequalities and to fund national development priorities.

  • AZAPO Will Prioritise Industrial Development and Grow Labour Intensive Sectors

The development of new and big industries for job creation and growth will constitute a major policy focus for an AZAPO government. The revitalisation of agriculture, agro processing and the building of new industries will become the centrepiece of our employment absorption strategy, aimed especially at the high number of our youth who are unemployed.

While mining has primarily been the bedrock of the old colonial and apartheid development trajectory, AZAPO will ensure that it does not become as socially destructive, ecologically harmful and economically regressive as it has been in the past.

  • Our Development Policy Will Be Based On Minerals Beneficiation and African Regional Development

Based on the comparative advantages of our country, the primary focus will be on beneficiation and value addition to our mineral resources. The old pit to port approach where prospecting and mining for minerals was done mainly for exports will be revised and abandoned.

The mining policy of an AZAPO government will accord due consideration to land and community rights. This will be quite distinct from the case at present where the people of Xholobeni in the Eastern Cape, parts of Limpopo and Northwest; including Dingleton in the Northern Cape, are being harassed and persecuted by their own government to make way for mining.

AZAPO will resist and abandon the approach of the present government of harassing and persecuting communities, though collaboration with foreign mining companies, to suppress our peoples, land, communal, cultural and mineral rights.

AZAPO will couple its development strategy with that of countries in the Southern African Development Community (SADC) sub-region and the Africa Region, for purposes of achieving regional policy harmonisation and common development.

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