Markets & Investment News Africa

African Continental Free Trade Area agreement not quite the silver bullet SA hoped for, says ANC

A draft ANC policy document, which was among several discussed at the ANC's national executive committee meeting earlier this week, envisages greater co-operation with the private sector and signals a departure from its previously somewhat more hostile stance towards business.
Source: 123RF.
Source: 123RF.

The document could still undergo changes before being made public.

Whereas the ANC and the government have thus far mostly voiced support for The African Continental Free Trade Area agreement (AfCFTA), which came into operation at the start of last year, the document warns that there are some negative consequences for South Africa in the short to medium term due which came as a result of unequal levels of development.

To read more go to Daily Maverick

Source: Daily Maverick

Daily Maverick is a unique blend of news, information, analysis and opinion delivered from our newsrooms in Cape Town and Johannesburg, South Africa. There are many ways to describe exactly what we do (and for the price of a cup of coffee we’re capable of talking your ears off about it), but the best way to understand the end result is to experience it. Every part of Daily Maverick is free-to-air and no payment is required, although free registration is required for a small subset of functions and pages.

Daily Maverick is run by an independently owned, private company with no affiliation to any other media group (or political party or religious organisation.) Follow Daily Maverick on Twitter at @dailymaverick.

Go to: https://www.dailymaverick.co.za/
Let's do Biz