As SA’s growth outlook threatens to stutter once again in 2019, business has called labour to task for its alleged role in holding the economy back. “There is no difference between labour and capital today. The secretary-general of a union earns the same salary as a CEO. All they are looking for is returns on their investment,” Business Leadership SA (BLSA) CEO Bonang Mohale told Business Day on Wednesday, Workers’ Day. The business organisation, which represents more than 70 of the country’s biggest companies, said labour’s inability to compromise on salaries at Eskom and the unbundling of the embattled power utility has weighed on the economy. “Our social compact says for the sake of being globally competitive, you will forgo increases above inflation. The single biggest risk to the economy is Eskom. Had the unions compromised, they would not have taken salary increases or bonuses and Eskom would not have escalated load shedding from stage one to stage four,” said Mohale. SA saw ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.