• Climate change update

    We need to cast off yesterday's ideas and put earth's wellbeing first, says Mandi Smallhorne.

  • Lessons from KPMG

    KMPG has learnt the hard lesson that SA is fed up with corruption, says David Everatt.

  • Terry Bell's Inside Labour

    Will it be man vs machine in the scary self-service future into which we are all being dragged?

Loading...

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

NEXT ON FIN24X

 
 
 

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

Money Clinic

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

Voting Booth

The SARB’s Monetary Policy Committee will decide on the next move in interest rates tomorrow will they?

Previous results · Suggest a vote

Loading...