The Democratic Alliance announced that it believed that taking the following steps would grow the economy ahead of the 2019 election in South Africa:
- Scrap reckless economic policies like the proposed nationalisation of the Reserve Bank and the undermining of property rights through expropriation without compensation.
- Announce the privatisation, or part privatisation, of SAA, and the split of Eskom into separate power production and distribution businesses.
- End Eskom’s monopoly and allow cities to purchase directly from independent power producers, increasing competition and lowering costs.
- Introduce a fiscal austerity package to contain current spending and stabilise national debt at 50% of GDP. Commit to funding any further revenue shortfalls by cutting wasteful expenditure, not through new taxes.
- Cut the size of the Cabinet to around 15 ministries.
- Exempt small businesses employing fewer than 250 employees from complying with restrictive labour legislation, other than the basic conditions of employment.
- Immediately pay all outstanding invoices owed to small businesses from National and Provincial governments, amounting to a fiscal stimulus for small businesses of R20.7-billion and R7.1-billion respectively.
Issues facing South Africa
- South Africa is in a recession for the first time since 2009.
- The ANC runs a corrupt, bloated and inefficient state that bleeds public money.
- South Africans have been getting poorer and poorer each year.
- Out of the world’s largest economies, South Africa is now the weakest, and is the only one in recession.
- Petrol tax increases, a VAT increase, sugar tax, income tax increases have made South Africans poorer.
The Democratic Alliance is hoping that it can greatly increase its share of the vote in the 2019 election.