Anthea Jeffery: ANC’s blind pursuit of the Soviet-era NDR pushes SA into death spiral

Loading player...
In her new book “Countdown to Socialism”, Anthea Jeffery removes scales from the eyes of those who have ignored the ANC’s pursuit of a blueprint for SA economic disaster - the National Democratic Revolution plan devised by Soviet Union bureaucrats in the 1950s. Jeffrey, head of policy research at the Institute of Race Relations, explains how the NDR originated from Soviet ideologies aimed at shifting newly independent African and Asian, primarily capitalist countries, to socialism. Despite the Soviet Union’s dissolution three decades after the economic collapse, Jeffery asserts that the ANC and its supporters remain in an obsessive pursuit of the NDR, despite its now well-exposed pitfalls and record of economic destruction and creating misery. She also warns those in the private sector rallying to the government’s call to support the failing SA economy that they are being misled and will be dispensed with as soon as it suits Pretoria’s socialist agenda. She spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices
24 Jul 2023 8AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: Economic warnings flash; Corporate giants mispriced; SpaceX tumbles

We explore a toughening economic climate as South African consumer confidence drops and central bank indicators flash red. Discover why the market is blindly punishing value, dragging down Sibanye Stillwater’s debt-free gold business despite solid restructuring plans. We also highlight Attacq’s resilient property portfolio and Steenkamp Kraal’s historic rare earth…
23 Jun 6AM 13 min