40% of profits from businesses‚ pig abattoirs and food markets - How an EFF municipality will find money

30 April 2016 - 18:54 By Nomahlubi Jordaan

The Economic Freedom Fighters’ Local Government Manifesto lists a number of ways in which it will financially sustain its “People’s Municipalities” it wants to create. Here are the six ways it proposes:1. The EFF People’s Municipality will make sure that a minimum of 40% of all investments in its jurisdiction - including malls‚ mines‚ and industrial parks - are owned and controlled by the community trusts administered by a representative body‚ local cooperative or invest a minimum of 40% of their profits in the municipality.2. AN EFF municipality will build fresh food markets and fruit stalls for locally produced food and other necessities.3. The EFF will make sure that a minimum of 50% of basic foods‚ services and products consumed in the municipality are manufactured‚ processed or assembled within the municipality.4. The EFF’s People’s Municipality will make sure each and every ward under its control has an economic activity that employs people and produces goods and services.5. The EFF’s People Municipality will construct and maintain central abattoirs to give access to meat products such as chicken growers‚ cattle‚ sheep‚ pigs and sheep breeders and give them access to the market on a durable and sustainable basis.6. The EFF’s People Municipality will introduce local economic development which will primarily be centred on the local production of more than 50% of the food and other basic necessities consumed by the population of the municipality. This means that a minimum 50% of the basic items such as bread‚ milk‚ meat products‚ etc will be produced within the boundaries of the EFF municipality...

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