ANC ‘worried’ about the economy, trying to simplify investment in SA

Yesterday, Stats SA said the economy contracted by 1.2 percent in the first quarter of the year.

FILE: The ANC say people who believe the party and government aren't doing anything to change economic policy aren't paying attention. Picture: EWN.

JOHANNESBURG - The African National Congress (ANC) says while it is worried about the economy, measures have been put in place to make it easier for people to invest in South Africa.

Yesterday, Stats SA said the economy contracted by 1.2 percent on an annualised basis in the first quarter of the year, raising fears that SA could be heading towards a recession.

The chair of the ANC's economic transformation commission Enoch Godongwana says people who believe the ANC and government aren't doing anything to change economic policy aren't paying attention.

"The problem with South Africa is that we are too negative. We've simplified a number of things."

Godongwana also says the ANC is implementing the National Development Plan and that South Africans will see the results.

Critics of the party have claimed that despite its pledge to implement the plan, the economy is simply slowing.

Godongwana says the NDP is being implemented accordingly but admits they are worried about the economy.