• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

All data is delayed
Loading...
See More

Vavi: Story not so good economically

Apr 10 2014 12:06

Johannesburg - There have been social advances since 1994 but not economically, Congress of SA Trade Unions general secretary Zwelinzima Vavi said on Thursday.

"Our intention to make the second decade of democracy the decade of the poor and marginalised has failed," he told the Daily Maverick Gathering Conference at Gold Reef City in Johannesburg.

"Just like the first decade has disproportionally benefited white monopoly capital."

Vavi said colonialism had stolen from the country's wealth and exploited people. However, many advances had been made since then.

He listed positive changes in South Africa since 1994.

"These advances explain why Cosatu remains firmly in support of the ANC."

Vavi agreed that the African National Congress government had a good story to tell when it came to social transformation.

"[However] on hard-core economic transformation, it is not a good story," he said.

A number of political leaders attended the gathering, which was the election edition.

Those present included Democratic Alliance leader Helen Zille, Public Enterprises Minister Malusi Gigaba, and Agang SA leader Mamphela Ramphele.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

cosatu  |  zwelinzima vavi  |  economy  |  transformation

 
 
 

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
22 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

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

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...