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The Star reports that trade union federation Cosatu has yet again warned that it will not back the ANC’s proposed solutions for the country’s ailing economy if the solutions are based on the economic recovery plan proposed by Finance Minister Tito Mboweni.
The ruling party was expected on Monday to outline the outcomes of its special national executive committee (NEC), which was held over the weekend and which considered the plan. Mboweni released the economic policy paper, titled “Economic transformation, inclusive growth, and competitiveness: Towards an Economic Strategy for South Africa”, last month, advocating for several growth reforms in a bid to address challenges relating to economic growth, economic transformation and competitiveness. On Sunday, Cosatu spokesperson Sizwe Pamla said that while the federation would contribute to finding solutions that would grow and transform SA’s stagnant economy, it would still spurn Mboweni’s plan. Cosatu also said the plan made no fresh proposals compared with previous plans, and that it left out key issues.
- Read the full original of the report in the above regard by Siviwe Feketha at Independent News
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