COSATU rejects BUSA's anti-democratic blackmail proposals
The Congress of South African Trade Unions condemns the surreptitious and sinister attempt by Business Unity South Africa (Busa) to pressurise government into undemocratically adopting pro-business and anti-worker economic policies, which it fears may be rejected by delegates at the ANC Conference in Mangaung in December.
BUSA CEO, Nomaxabiso Majokweni, told Business Day that the government "had to prove that perceptions in sections of the private sector that economic decisions could be affected by the ANC's conference were misplaced" (see here).
In other worlds government should not listen to the 4000 democratically elected delegates of its own party, representing the poor majority of South Africans, but to a small bunch of unelected, rich investors and their "rating agencies", whose confidence needs to be restored.
Majokweni argued that the promises made last month by Finance Minister Pravin Gordhan to tighten fiscal discipline were "a good attempt" to revive stalling economic growth but required more action and less talk.
While all South Africans would agree on the need for "more action and less talk", the poor majority and the working class will not support the kind of "action" that BUSA is proposing, such as arresting the rising public sector wage bill.