Durban - The eThekwini Municipality has launched an Economic Council that will serve as a social compact, providing strategic advice on economic development, inclusive growth strategies and support to city leadership.
Mayor Mxolisi Kaunda said they viewed the council as a space for all to collectively respond to challenges of unemployment, poverty and inequality which are permanent in the South African socio-economic landscape. “We are a government that is committed to genuine consultation with all stakeholders, hence today we are entering in a social compact between government, organised labour, business, academia, Traditional Leadership, Interfaith and civil society as a commitment to grow the city’s economy and build a better life for all,” Kaunda said.
Kaunda emphasised both monitoring the implementation of interventions as being essential to boost the economy, reduce job losses and ultimately lead to an increase in investment as well as revenue generation.Through this process, a number of nominations to serve on the council were received.
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