COSATU to Mboweni: Withdraw incoherent economy document
29 August 2019
Trade union federation COSATU demanded that National Treasury withdraws its recently released document to encourage economic growth, saying it makes government incoherent, confused and unreliable.
Speaking at a media briefing at its Johannesburg headquarters on Thursday, COSATU deputy general secretary Solly Phetoe said it questioned why the document was released without consultation with Cabinet.
"In principle, COSATU is open to all proposals from all quarters about how to address our economic crisis, in particular our rising levels of unemployment. But we have some questions about the draft economic recovery strategy document.
"The document is trying to exploit our economic crisis by pursuing a right wing agenda that was defeated in several ANC conferences. This document ventures into the domain of other departments and, at the same time, it does not offer any proposed real changes to the fiscal, monetary or other macro-economic policies, including inflation targeting," he said.