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Fin24 reports that the Federation of Unions of SA (Fedusa) said on Thursday said that joining newly-appointed Finance Minister Malusi Gigaba on his investor roadshow to the US would have been an exercise in futility.
It lacked credibility and labour was struggling to trust government, Fedusa general secretary Dennis George said. He went on to say that it was a futile exercise “speaking to investors when the elephant in the room is President [Jacob] Zuma.” He was speaking at the announcement of a “Freedom Movement”, a coalition of political parties, civil society organisations, trade unions, academics, and religious bodies dedicated to seeing Zuma removed from office. Gigaba is in the US to attend the IMF/World Bank Spring meetings on Friday and to meet investors in Boston and New York, as well as ratings agency Moody’s. He is there without business or labour representatives, which is a departure from his predecessor Pravin Gordhan’s practice.
- Read this report by Tshidi Madia in full at Fin24
- Read too, Fedusa: ‘Radical economic transformation’ used as smokescreen, at EWN
Get other news reports at the SA Labour News home page