EFF blames recession on lack of quality leadership from ANC
7 June 2017
Johannesburg –The Economic Freedom Fighters (EFF) blamed the recession on the ANC’s inability to provide leadership, after first-quarter gross domestic product growth figures indicated that the country has entered into a technical recession. The economy contracted by 0.7% during the quarter, falling short of market expectations of a 1% expansion.
EFF national spokesperson Mbuyiseni Ndlozi said in a statement on Wednesday that South Africa’s economy has continued to deteriorate over the last few years. This paints a bleak picture for the future and quality of life for black and poor South Africans in particular. He said the ANC leadership is only focused on "self-enrichment, lies and theft of public funds".
“It is now evident that the government has neither the ideological nor policy response to this depressing state of affairs. Instead of fostering, enhancing and harnessing economic growth, the ANC is busy developing mechanisms on how to loot people’s tax money from the fiscus,” said Ndlozi.
In a statement, Ndlozi said that the report from Statistics SA shows a concerning shrink in the economy.