Cosatu says economy still dominated by a few big companies - SA

[dArKeR]

Johannesburg - A fundamental change in economic policy was necessary if the government wanted to cut unemployment and poverty by half within the next 10 years, the Congress of SA Trade Unions said on Thursday.

Cosatu general secretary Zwelinzima Vavi told reporters in Johannesburg there were signs that the government was changing its economic strategies.

One of these was that no major privatisation programme had been announced for this year.

Vavi said one of the most obvious problems with the economy was that it was still dominated by a few big companies and it was too mechanised.

He said a move to a more labour intensive approach would help bring down unemployment and eradicate poverty.

Vavi was addressing reporters following a three-day meeting of Cosatu's central executive committee.

He said the committee discussed ways in which Cosatu and its members could take the lead in the African National Congress' promised people's contract to create work and fight poverty.

A report by the United Nation's Development Programme on sustainable development showed that the poverty rate in South Africa had fallen by three percent from 51 to 48 since 1994.

"It exposes the inequalities that stubbornly remain part of our social and political life, including the annual decline of wage share...," Vavi said.

http://www.busrep.co.za/index.php?fSectionId=552&fArticleId=2091827

I'd like to see the details of the Bush Crime Family's and the Cheney Crime Family's economic relationship with SA.

[David__77]

1. COSATU is one of the two strong spokes of the liberation alliance.

The ANC is not the other spoke I speak of. The working class must act to prevent neo-liberalism in South Africa and to carry forward the national democratic revolution to its next stage.