Last week the Congress of South African Trade Unions (COSATU) “proposed a radical overhaul of [South Africa’s] monetary and financial policy, calling for controls over commercial bank loans and capping gold exports to increase national reserves.”
There is little to no chance of this happening. COSATU knows this. So what the proposal amounts to is some posturing for both the rank and file and for the ANC. It also will allow COSATU to gin up grievances against the ruling party.