DA weary of Zuma's economic plans
The party says a plan to radically transform the economy will only work if govt is properly coordinated.
JOHANNESBURG - The Democratic Alliance (DA) has warned that President Jacob Zuma's plan to radically transform the country's economy will only work if his government is properly coordinated and he should instead allow the private sector to take the lead.
During his inauguration address at the Union Buildings in Pretoria on Saturday, Zuma said government would play a bigger role in driving economic growth through involvement in state-owned enterprises.
Chief Justice Mogoeng Mogoeng presided over the inauguration ceremony before heads of state, dignitaries and royalty.
Zuma also said the transfer of ownership of the economy will take centre stage over the next five years.
The DA's Mmusi Maimane says he's anxious about what lies ahead for the state.
"To achieve that output you need to have a very coordinated state and I am anxious that if we don't get the right coordinating points we will battle with that outcome."
Meanwhile, Zuma is expected to name his new Cabinet within the next 36 hours or so.