Today's Labour News

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strike thumb medium85 85Business Report writes that small and medium-sized enterprises (SMEs) were among sectors affected by Cosatu’s nationwide strike on Wednesday.  Analysts reckoned it was unlikely that the strike would cause a big dent on the struggling economy as it was a one-day event and not protracted.  

However, Karl Westvig, CE of Retail Capital, a company funding SME retailers and restaurants, said the action added to the “negative pressure on the SME sector” as staff found it difficult to get to work as a result of disruptions in the transport network.  This led to business owners struggling to remain open and servicing their customers.  “The strike is only exacerbating the negative pressures on the sector.  SMEs are crying out for good news and hopefully the strike can have the positive impact of some political stability and stable policy formulation,” he said.  Novare economic strategist Tumisho Grater said, while reports had suggested that the industrial action was the largest strike in post-apartheid SA, “we need to keep in mind that this is a one-day strike and the impact may not be as significant as a strike that is protracted”.

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