Abstract
M.Comm. (Business Management)
With the unbannlng of the African National Congress, It soon became evident that they would play a major part In the future of South Africa, politically aswell as economically. With the release of Mr. Nelson Mandela It also became evident that the ANC was seriously considering a policy of natlonallsatlon. This study discusses the economic policy of the National Party which Included, until recent times, socialist doctrines. The study shows the failing position of South Africa's economy but also Indicates that a free market policy would unlock the country's true potential. The economic policy of the National Party since 1948, discriminated to a large extent against black South-Africans, which could well be the main motivating factor why the ANC would be considering a policy of natlonallsation. The study therefore also discusses and comments upon the
economic policy of the ANC as was published for the first time In 1990. Subsequent developments In the economic debate within the ANC, which Includes a review of a number of public statements by ANC leaders, Is also discussed as well as the ANC's Reconstruction and Development Programme. The study agrees that there Is more than one form of natlonallsatlon, but Indicates that probably none would be accepted without reserve by the private sector. The study takes a critical view of the advantages and disadvantages of a policy of natlonallsatlon In the South African context. The study discusses the effect that natlonallsatlon would have on the economy of South Africa and that It would probably cause the ANC to have less funds available to use for soclo-economlc purposes than In a free market economy. A conclusion Is reached that a policy of natlonallsatlon In the current circumstances In South Africa, In any form, would be far more disadvantageous to most South African citizens than advantageous.