South Africa's ANC to nationalise central bank, expropriate land

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The human rights and Palestine solidarity organisation BDS South Africa joins fellow South Africans in welcoming the decision by South Africa's governing party, the ANC, to immediately and unconditionally downgrade SA's embassy in Israel to a liaison office.

The move comes amid a barrage of worldwide backlash since US President Donald Trump's highly-contested decision to recognize Jerusalem as the capital of Israel which has triggered United Nations action.

Meanwhile, according to Wafa, Palestine ambassador to South Africa, Hashem Dajani, welcomed the move as "an important decision", expressing hope that it would encourage other global powers to follow South Africa's lead.

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Both the Palestinian Authority and Hamas sent delegations to attend the ANC National Conference "to observe the processes of democracy within the ANC and are especially interested in a debate at the conference regarding a recommendation from the ANC's July policy conference which proposed the downgrading of the South African embassy in Israel". Moreover it relieves South Africa of any credible ability to play a role in brokering peace between the Israelis and Palestinians.

The South African Reserve Bank (SARB) has cautioned that plans to nationalise the bank will put the country's economy at risk.

A former labor unionist and anti-apartheid leader who became one of South Africa's wealthiest businessmen, Ramaphosa has in the past opposed efforts to break diplomatic relations with Israel - and may yet block Wednesday's decision. It is also a downgrade of support for the local Jewish community and a folded hand on the Israeli-Palestinian conflict. "We chose to remain engaged with the State of Israel, because it is often best when you want to solve problems to remain engaged, so that you can have some leverage".

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