State ignored plan which would've resulted in R3.4-trillion being invested into economy - Mbeki

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State ignored plan which would've resulted in R3.4-trillion being invested into economy - Mbeki
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The ANC government will have no choice but to work with business and other social partners in revisiting and ensuring proper implementation of the Economic Reconstruction and Recovery Plan (ERRP) if its socioeconomic promises made ahead of the elections are to be realised.

On Thursday evening, former president Thabo Mbeki was addressing business and professionals as part of the governing party’s stakeholder engagement and preparations for the upcoming November 1 municipal elections.

Mbeki pointed out that while social compact between government, business, labour and civil society which resulted in the ERRP was being driven by the national government, it was central in municipalities being able to secure resources to fulfil the electoral promises made by the party. This was not the first time Mbeki criticized the ten-year ERRP in its current form as he branded it a vision and not an implementable plan compared to the one proposed by the business sector.

“We must get together as social partners and produce these monies to invest in this economy because, in the context of local government, if we don’t do that these commitments will not happen,” Mbeki said.

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