Today's Labour News

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ramaphosa2BusinessLive reports that labour federation Cosatu says it will seek clarity from Deputy President Cyril Ramaphosa on his "new deal", an economic plan he unveiled recently as part of his campaign for the ANC presidency.  

Cosatu, the first formation formally to endorse Ramaphosa for the ANC presidency, said it was not consulted about the proposed economic reforms.  The new deal involves restoring investor confidence by reversing SA’s downward trajectory while fighting corruption and reasserting the independence of state institutions.  It also involves a plan to create more jobs through public-private partnerships.  In a media briefing on Thursday after its central executive committee meeting, Cosatu spokesman Sizwe Pamla said it had become obvious that the challenges crippling the economy were "deep" and the government could no longer formulate policies in a silo.  "You can’t unilaterally impose policies without the input of unions," Pamla stated.  Cosatu also reiterated its earlier call for a jobs summit to tackle the high unemployment rate.

  • Read this report by Theto Mahlakoana in full at BusinessLive


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