Today's Labour News

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MboweniEWN reports that the Congress of South African Trade Unions (Cosatu) has slammed a suggestion by Finance Minister Tito Mboweni that a referendum should be held on the use of taxpayer’s money to bail out beleaguered state-owned enterprises (SOEs).  

Mboweni took to Twitter at the weekend and said that in a proper democracy there would be a public debate that would lead to the referendum taking place.  He said ordinary citizens should have a say on the use of public funds and not just political parties.  However, in an interview with eNCA on Tuesday, Cosatu spokesperson Sizwe Pamla took a swipe at the finance minister and called on President Cyril Ramaphosa to take action against him.  He said Mboweni’s proposal for a referendum on SOEs was “silly” and added that:  “He sits at Nedlac but he keeps quiet, he doesn’t raise these issues at Nedlac because we have never heard his proposal from him at Nedlac.  When he’s at Nedlac he doesn’t say the things that he says on Twitter and that then becomes a problem, because a structure like Nedlac is where we want to hear all views.”  Mboweni’s call for a referendum came against the backdrop of a proposal from Cosatu to use public servants’ pension funds to bail out Eskom, which has been struggling to keep the lights on and is burdened with over R400 billion in debt.

  • Read the full original of the report in the above regard by Thapelo Lekabe at EWN

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