WATCH: How do political parties plan to fix the economy?

Fixing South Africa's ailing economy is a common promise made to voters. It's the how that matters. Courtesy #DStv403

JOHANNESBURG – South Africa’s three biggest political parties argue a lot, but on the urgent need to fix the country’s economy, there is no arguing.

Fixing South Africa's ailing economy is a common promise made to voters, however, it is the “how” that matters.

Late last year the country exited a technical recession but expected GDP figures remain sluggish at best and well below growth figures in the region.

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Radical socio-economic transformation is the ANC's battle cry.

It promises to spread the wealth and end market domination by individual companies.

The Democratic Alliance says it would target specific sectors.

It is aiming for a three-percent GDP growth per year in the short term and its manifesto speaks of ensuring there is at least one breadwinner in every home.

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The Economic Freedom Fighters promise to nationalise mines, banks, and other strategic sectors of the economy.

The Red Berets expect to achieve a six-percent economic growth in the first two in years power and targets 10-percent GDP growth within five years.

With election season underway, South Africa's three biggest political parties have launched their election manifestos.

eNCA reporter Michael Appel takes a look at how political parties plan to tackle the challenge of fixing the economy.

 

Source
eNCA