Society plays key role in addressing economic challenges: Cosatu - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The Congress of South African Trade Unions (Cosatu) Parliamentary coordinator, Matthew Parks says society also has a crucial role to play in addressing some of the economic challenges the country is facing.

He says there are calls for President Cyril Ramaphosa to deliver a State-of-the-Nation-Address with measures of how to address rolling blackouts and create jobs.

Parks says with the unemployment rate sitting at 43%, workers believe the situation is set to deteriorate unless Ramaphosa presents implementation benchmarks. He says, “We can easily engage in self-pity or despair and lose hope but when we have the workers’ jobs in the line we don’t have the luxury to give up. We have a huge crisis of electricity, unemployment and corruption and struggling economy and many failed SOEs and we’ve got to deal with it.”Meanwhile, the South African Federation of Trade Unions Spokesperson, Trevor Shaku says Tuesday’s SONA should serve to restore public confidence in the ANC.

Shaku says, “We are also not optimistic, in fact we have lost confidence in the ability of the governing party’s ability to tackle many issues which our people are facing. For instance, the levels of unemployment which have risen to over 40%, this is a catastrophe especially in the context of the rising cost of living.”

“Those who are losing employment are also losing a form of income. Government has to put in place social security measures to ensure that those who are unemployed and marginalised in the economy are able to afford a living,” he adds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's obvious a joke, cosatu are the one supporting government's corruption and economic sabotage, they're never added any value to the taxpayers of South Africa.

True that ✊🏿

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top business intelligence software for South African companiesSouth African companies working with lots of data can use business intelligence software to help them streamline operations and run cost-effectively.
Source: mybroadband - 🏆 11. / 67 Read more »

South African insurance companies add exclusion for total Eskom grid collapseSeveral major South African insurers have informed customers they will be adding exclusions for a total Eskom grid collapse to their policies. South African insurance companies choose to exclude a risk that would in all likelihood bankrupt them If you're upset with this ask yourself if you would be ok living in a world with no insurance at all because they all went bankrupt paying out claims due to a grid collapse They tell you to insure in case of a disaster. And when the real disaster comes they all run for the hills and change the rules.. Scamsters Interesting, so that suggests they do factor that as a real risk now...
Source: mybroadband - 🏆 11. / 67 Read more »