'ANC Conference - a festival of ideas'

Free State Premier Ace Magashule said the conference is a festival of ideas.

Signage for the ANC National Policy Conference 2012 at Gallagher Estate in Midrand. Picture: Taurai Maduna/EWN

MIDRAND - African National Congress (ANC) policy head Jeff Radebe said on Wednesday proposals for a job seekers fund are not merely a bargaining tactic around the youth wage subsidy suggestions.

President Jacob Zuma told the ANC's Policy Conference on Tuesday such a fund should be discussed.

Radebe would not divulge any secrets on the job seekers fund proposal, but said more will be revealed on Thursday.

"Whether it succeeds or not, it stands to be tested in the next 24 hours."

On Tuesday the president said the current grant system was not sustainable.

Radebe also said while land reform was high on the agenda, he does not expect drastic changes.

"We'll hear what the branches of the ANC prefer, right now there is no intention on the part of the ANC to change the constitution."

The ANC has said a willing-seller-willing-buyer model does not work.

Meanwhile, cabinet ministers and the country's decision-makers have spoken about the need for economic change on the fringes of the conference in Midrand.

Mineral Resources Minister Susan Shabangu said there needed to be more black ownership in the mining sector.

"This conference, the challenge is to make sure the competition becomes sustainable, black people become real owners, not just fronts."

Finance Minister Pravin Gordhan said the country needed to carefully consider what needs to happen to brings about the economic change.

"So that in about 10 or 15 years time, we can say we have a truly different South Africa."

Free State Premier Ace Magashule said this conference is a festival of ideas and delegates are able to influence one another.