CHARLES MOLELE
FORMER president Thabo Mbeki has delivered a brutal yet honest critique of President Cyril Ramaphosa’s much-vaunted Economic Reconstruction and Recovery Plan. In the latest edition of his foundation’s newsletter, Mbeki slammed Ramaphosa’s plan, which is anchored around boosting spending on major infrastructure projects and investing in new energy generation projects, saying it doesn’t provide details on how it’s going to be funded.
Ramaphosa’s plan was presented during a joint sitting of Parliament in October, promising to create 800 000 jobs, growing the economy by 3%, spending R1 trillion on infrastructure and hiring thousands of assistant teachers.
Mbeki also questioned how Ramaphosa’s plan will help eradicate the apartheid and colonial legacy, including the time frames within which these interventions would produce this result.
Mbeki added that Ramaphosa did not explain what these ‘catalytic projects’ were and whether the funds are indeed available for their immediate implementation.
He said
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