BusinessLive reports that Finance Minister Tito Mboweni’s medium-term budget policy statement (MTBPS) has been roundly criticised by labour for being scant on detail regarding how it planned to reignite the struggling SA economy.
Mboweni tabled the statement in Parliament on Wednesday, outlining the government’s spending plans over the next three years. Labour federation Cosatu’s Sizwe Pamla described the statement as “shockingly weak, inadequate and a missed opportunity”. He went on to state: "The only message that the unemployed people were looking for was that of government giving them hope. But they are on their own, government is not prepared to intervene. Prayers are what the unemployed and poor have to count on going forward because the government is not prepared to do anything." Pamla added that while Cosatu was happy about improved capacity at the SA Revenue Service (Sars), the tax agency was however failing to execute its mandate. Federation of Unions of SA (Fedusa) president Godfrey Selematsela said SA was in a crisis and more challenges lay ahead if the current problems were not addressed by the government. National Council of Trade Unions (Nactu) general secretary Narius Moloto described the statement as “reactive” and seeking to appease credit ratings agencies.
- Read the full original of the report in the above regard by Luyolo Mkentane at BusinessLive
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