SIX PRIORITIES TO TRANSFORM
THE ECONOMY AND CREATE JOBS
The ANC is working to transform the economy to focus on capture, the COVID-19 pandemic, load shedding, global
increased industrialisation, jobs and opportunities for all. political conflict, the July 2021 unrest and climate change. This
has tested our democracy, resilience and leadership. Despite
South Africa has a choice: transform or stagnate. Our these hurdles, we have focused our efforts on mitigating their
current economic model, which relies on exports and imports impact and paving the way for recovery and job creation.
and has high levels of inequality, stifles job creation and
inclusive growth. We need a radical shift to broad-based Young people in particular are hard hit by the poor
industrialisation, employment and youth and women’s performance of the economy. Many cannot find jobs or build
empowerment by 2030. businesses and their parents cannot pay for quality education.
This has led to marginalisation and risky behaviour.
We must balance market dynamics with state intervention
to foster inclusive economic progress and address historical Now, South Africa stands at a crossroads. Choosing
disparities. transformation requires bold policies, collective action and
widespread commitment. Only then can the nation claim its
As a middle-income country, South Africa needs to industrialise economic destiny and build a future where prosperity is shared
and reduce its reliance on primary commodity exports and the by all.
import of luxury and capital goods. Monopoly concentration
inhibits the growth of small businesses and cooperatives and
new entrants into markets.
Over the past five years, the country faced internal and external
challenges, including economic downturns, the effects of state
19