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LATEST NEWS

Radical transformation of the wholesale and retail sector: A call for unity in action

The SACP is seriously concerned about persisting intransigence and resistance to economic transformation in the wholesale and retail sector. The sector is dominated by a handful of oligopolies destroying co-operatives, small, micro and medium enterprises (SMMEs) and informal businesses in townships, peri-urban and rural areas. The rise of malls in these areas is also being carried out in a manner that systematically deepens the destruction of co-operatives, SMMEs and informal businesses, by means, among others, of oligopoly market conduct and collusion to conserve and heighten market dominance rather than a transformative developmental approach that ensures inclusive economic participation.

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Bankorp-ABSA life-boat saga: Murky past must energetically be pursued and investigated - SACP

The SACP calls on ABSA to pay back the full amount plus interests of the bailouts provided to Bankorp by the Reserve Bank from 1985 to 1992 and thereafter from 1992 to 1995 to ABSA after the bank acquired Bankorp in April 1992: If the contents of the leaked Public Protector's report are valid. There can be no doubt that ABSA has benefited from the acquisition of Bankorp and further from the decade-long bailouts. The leaked Public Protector's report recommends that ABSA must pay back an amount of R2.25-billion that it received as part of the unlawful apartheid-era (from 1985) bailout that continued during our transition to democracy in 1994-1995.

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SACP dismisses Ellen Tshabalala's baseless allegations against the Party

The South African Communist Party (SACP) dismisses with contempt the baseless allegation of interference levelled against the Party by Ellen Tshabalala on Friday, 13 January 2017 before the Parliamentary Ad Hoc Committee investigating the governance decay and consequent collapse of good governance at the SABC. Ellen Tshabalala made the allegation, which she failed to substantiate, while she was under oath.

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SACP position on ANC succession

The South African Communist Party (SACP) has noted with concern various media reports suggesting that the Party has openly endorsed the Deputy President of the African National Congress (ANC) Comrade Cyril Ramaphosa for ANC President.

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ABOUT THE SACP
 

The South African Communist Party was founded in 1921 and has always been in the forefront of the struggle against imperialism and racist domination. The SACP is a partner in the Tripartite Alliance consisting of the African National Congress and the Congress of South African Trade Union. The Youth Wing of the SACP is the Young Communist League.

 

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