See More

Busa, Cosatu to tackle SA's economic ills

Sep 14 2011 16:07
I-Net Bridge
Johannesburg - Business Unity SA (Busa) and Cosatu said on Wednesday that they have agreed on a joint programme of action on several aspects of the economy, including basic education, skills development and the role of small, medium and micro enterprises in job creation.

Issues related to preferential procurement and the need to explore ways of counteracting corruption were also agreed to by the two bodies, which met at Nedlac.

The Cosatu delegation was led by general secretary Zwelinzima Vavi and the Busa delegation by its president, Futhi Mtoba.

The meeting was aimed at finding solutions and common ground on the triple crisis of poverty, unemployment and skills development.

"Busa and Cosatu shared a deep concern about the weakening economy in SA and the deteriorating global economic situation. It was agreed that it had become necessary to revisit the measures embodied in SA's earlier response to the previous economic global crisis in 2009, and identify any new steps that may be needed to address the latest developments," the parties said in a joint statement.

They have agreed to intensify the artisan development programme and to assist poorly-performing schools.

They also agreed to support existing anti-corruption initiatives to curb the scourge of corruption in the private and public sectors. The two groups will also work together to sign an integrity pact, which aims to cultivate ethical behaviour in the private and public sectors.

The joint meeting also discussed the humanitarian crisis in Somalia and agreed that both parties would support programmes geared towards mobilising resources to aid the Somali people, including declaring a national day of action on Somalia.

Several task teams have been mandated to expedite outcomes on all the agreed projects and programmes.


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

We're talking about:


Scenario planner Clem Sunter says he is as passionate about economic freedom as Julius Malema, but his bet is on entrepreneurs to open up the whole economy.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote