Connect with us

Economy

Cuthbert casts doubt over Patel’s localisation plan

Published on

The DA’s Mat Cuthbert is calling for the withdrawal of Minister Ebrahim Patel’s plans to reduce imports by 20 percent through localisation, as it could hurt economy.

On Tuesday, 7 September 2021, the Democratic Alliance (DA) Shadow Minister of Trade, Industry and Competition, Mat Cuthbert shared his member statement delivered in Parliament. Cuthbert called on Minister Ebrahim Patel to withdraw his plans to designate 20 percent of goods and services for local production.

Cuthbert conveyed that it is clear from the statement of the Department of Trade Industry and Competition’s (DTIC) lead negotiator on the Africa Continental Free Trade Agreement, Dr. Morgenie Pillay, that Patel did not make evidence-based policy decisions, but rather, adhered to his own ideological belief. According to him, a belief that dictates that a state should control as much of the economy as it can, regardless of the grim economic consequences.

Cuthbert further assured that the DA would continue its fight against policies seeking to centralise economic activity within the state, in turn, submerging it into poverty. Cuthbert also believes that South Africa is in need of more market and less state in achieving economic prosperity.

See the post below.

Mahlohonolo Lakaje
[email protected]

Trending

Copyright © 2021 Political Analysis South Africa

error: Copyrighted Content