UNREVISED HANSARD JOINT SITTING TUESDAY 25 JUNE 2019 Page 385 You must also

Unrevised hansard joint sitting tuesday 25 june 2019

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UNREVISED HANSARD JOINT SITTING TUESDAY, 25 JUNE 2019 Page: 385 You must also reconceptualise your understanding of a developmental state because you always throw developmental state and what we have in South Africa is not a developmental state. A developmental state is autonomous from capitalist influences. When the commander in chief says that this imaginary influence that you have on capital is not there he is pointing to the fact that you are not running a developmental state. A developmental state must be autonomous from capitalist influences. It must be able to direct where investment happens – the content, the form, the pace of investments that happen. But you are not doing so, instead, the capitalists are the ones who are telling you what to do. That is why the minerals and Petroleum Resources Development Act was withdrawn, in order to allow Total to continue with the exploration in Mossel Bay. You are not in control that is why Naspers is going to delist from the Johannesburg Stock Exchange. The government Employees Pension Fund exposure to Naspers is worth more that R250 billion but they are going to delist from the JSE and they are going to retrench more than 2000 workers. There is government exposure,
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UNREVISED HANSARD JOINT SITTING TUESDAY, 25 JUNE 2019 Page: 386 you are not in charge and there is no developmental state that is happening under your watch so we must not deal with that in a different form. Now, the founding manifesto of the EFF has a pillar that speaks to the decentralisation of development and building of new cities. We do not imagine it and we say that this has to be a concurrent effort in different areas. Massive investments in terms of allocation of resources, development of infant industries and protect them, domestically owned industries and have all these cities developing in a manner that is going to deliberately depopulate Gauteng, Cape Town and Durban because in their current spatial framework they cannot accommodate the number of people they have. The infrastructure is going to be clogged in terms of sanitation and a variety of other things. A number of 14 million people in Gauteng in the space that is it has is not sustainable. How do you achieve a different perspective? We develop the areas where the people who stay in Gauteng are coming from. That can
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UNREVISED HANSARD JOINT SITTING TUESDAY, 25 JUNE 2019 Page: 387 only happen through a deliberate decentralised development and building of other cities. In the Sixth Parliament, the EFF as the only socialist Marxist Leninist organisation in South Africa is going to table the following legislations: The South African Reserve Bank Amendment Bill to make sure that we discontinue private ownership of the South African Reserve Bank – joining 90% of central banks in the world. We are going to enact a Bill on the creation of a sovereign wealth fund, model it around the Norwegian sovereign fund which in the current financial year has contributed an equivalent of 500 billion to the fiscus of Norway.
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