The finance minister called for significant economic reforms to be implemented before President Cyril Ramaphosa presents his state of the nation address in February.
Finance minister Enoch Godongwana warned ANC leaders that the party’s project wish list could cost R73.5bn and funding it will require difficult trade offs.
While the ANC is preparing for local government elections on November 1 and needs to show it is doing more to address rampant poverty and record unemployment, it has little room to manoeuvre as the government contends with surging national debt and limited investment. Pule Mabe, the ANC’s spokesperson, wasn’t immediately able to comment when called and didn’t respond to a text message.
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