South Africa’s ruling party approved a range of proposals to revive economic growth, but stopped short of endorsing Finance Minister Tito Mboweni’s controversial plan to sell some state assets. There was “broad consensus” among members of the African National Congress’s National Executive Committee about the challenges the nation faces and that business and labor need to play a greater role in fostering growth, Ace Magashule, the party’s secretary-general, told reporters in Johannesburg on Wednesday. It was agreed the country needs to invest more in infrastructure, produce more renewable energy and fix ailing state companies, he said.
