Senseless to transform a junk economy, says SACP

INSTEAD of preaching the gospel of the much- punted radical economic transformation, the national discourse across South Africa should be about turning around the fortunes of the economy which was experiencing a downward spiral, the SACP in Gauteng said yesterday.

“Of all the issues, we believe the very first step for a radical economic transformation is to defend the sound, strong financial institutions of our country. Any radical economic transformation of a junk economy will not make sense. It will not help the poor,” the party’s Gauteng secretary Jacob Mamabolo told reporters during a picket at the National Treasury in Pretoria central.

“We don’t want to radically transform a junk economy. That will not make any sense. We believe South Africans must take active interest in anything that could degenerate our country. The Guptas have got options, they can move their investments overseas. The monopolies and all other sections of monopolistic capital have alternatives. By the pressing of a button they can move their investments somewhere. Where will the poor people go when this country is finally junk?”

Mamabolo implored all sections of the South African community to rise against the economic downward spiral.

“No one is safe. That is why we are saying to people, rise and stand up now to make sure that this country is not junk. The rule of law must prevail, our governance must be sound and we must make sure that we don’t play with the economy of this country particularly using populism and cheap statements,” said Mamabolo.

“The whole alliance has raised issues about the direction our country is taking. There is massive evidence that indicates it is indeed important that as a country, as a nation and a people we become patriotic in the sense that we must defend our national sovereignty against this country being declared yet another failed African state.”

Mamabolo led scores of SACP supporters, dancing and singing outside the National Treasury building which was tightly guarded by police officers.

He said among other demands, the picketers were protesting against rampant corruption, state capture and the abuse of parastatals for private gain.

“We are also picketing against activities of monopolistic capital such as (investments management entity) Allan Gray and CPS ( Cash Paymaster Services) that are also targeting the social security network which is really the source of life for pensioners, child-headed households, people with disability and we are here to ensure that it should never ever again happen in our country that the vulnerable and the most marginalised citizens of our community are put in a panic mode about whether they will get their social grants or not,” he said.

Mamabolo said despite the SACP picket yesterday,

‘The Guptas have

National Treasury officials had been instructed not to receive their memorandum of demands.

“This is a picket we will continue to conduct every now and then. We have only decided on a picket because we are aware that they (Treasury) do not want the Communist Party here. That is why they have decided they will not receive a memorandum from us. They have instructed every official that no one must come close to the SACP,” he said.

“We are here, we will be here in May, in July and until April next year. Whether they come to receive our memorandum or not, they can see and hear our message through our posters. We don’t even trust they would address our memorandum properly.” – ANA