African National Congress (ANC) Deputy President Nelson Mandela stated that his party was prepared to abandon its long-held policy of nationalisation if the business community could provide an alternative which would redress the economic imbalances in the country. He further stated that nationalisation did not mean that the private sector would be excluded from certain areas of business, and said that the ANC welcomed dialogue with the business sector to ensure growth and equal distribution. Two days later the ANC released a report which recognised the important role of foreign investment and reassured foreign corporations that they would be free to take their profits out of the country under an ANC government
eventREF E-0148974Verified
Event record
ANC's economic plans
- Updated
- 22 Aug 2019
South African History Online. (2019, August 22). ANC's economic plans. South African History Online. https://sahistory.org.za/ref/E-0148974
South African History Online (2019) 'ANC's economic plans', South African History Online, 22 August. Available at: https://sahistory.org.za/ref/E-0148974 (Accessed: 26 October 2026).
South African History Online, ANC's economic plans [website], https://sahistory.org.za/ref/E-0148974, (accessed 26 October 2026).
"ANC's economic plans." South African History Online, 22 Aug. 2019, https://sahistory.org.za/ref/E-0148974. Accessed 26 Oct. 2026.
South African History Online. "ANC's economic plans." South African History Online. August 22, 2019. https://sahistory.org.za/ref/E-0148974.
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