SAFTU calls on new Finance Minister to reverse austerity
10 October 2018
The South African Federation of Trade Unions has noted the appointment of Tito Mboweni as Minister of Finance and hopes that he will reject the economic strategies embraced by all his predecessors, based on the dictates of international bug business global financial institutions and credit ratings agencies.
These policies have led to the catastrophe for South Africa which has among six countries with the world’s highest levels of unemployment, that has left almost 10 million workers with no job. We have the appalling levels of poverty, virtually no economic growth and have become the least equal society in the world.
His first challenge will be the Medium-Term Budget policy statement on 24 October, when he will have the opportunity to reverse a succession of austerity budgets which are making an already horrendous situation for the majority of South Africans even worse, with more unfilled vacancies in the public service leading to a steadily deteriorating quality of life for in poor communities.
SAFTU insists that more money must be budgeted to upgrade hundreds of dilapidated schools and hospitals, employ more teachers, doctors, nurses and community health-care workers, and step up the fight against drug lords and gangsters.