Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

cosatuBusiness Report writes that Cosatu has welcomed the decision by rating agency Standard and Poor to uphold South Africa’s credit rating, but the labour federation believes further austerity measures will send the country on a death spiral.  

“Needless austerity measures will not fix our unemployment, poverty and inequality.  This will only cause social instability,” Cosatu spokesman, Sizwe Pamla, said in a statement.  The statement went on to caution that the ratings agency “should not be used to reintroduce the privatisation of State Owned Entities programme…and the deregulation of labour and more austerity measures.”  Cosatu called on government and business “to seize the opportunity of the ratings reprieve and sum up the courage and seriousness to tackle unemployment.”

  • Read this report by Heidi Giokos in full at Business Report
  • Read too, SA survived ‘junk status’ but economy still in crisis‚ says Cosatu, at TimesLive
  • And also, Werkloosheid ‘die ware nasionale krisis’: Cosatu, at Netwerk24

Get other news reports at the SA Labour News home page