Federation of Unions of SA general secretary Dennis George. Picture: ROBERT TSHABALALA
Federation of Unions of SA general secretary Dennis George. Picture: ROBERT TSHABALALA

The Federation of Unions of SA (Fedusa) is "deeply disappointed" that a government delegation did not show up for a scheduled meeting of a National Economic Development and Labour Council (Nedlac) task team on Wednesday.

The meeting was meant to chart a way forward following SA’s recent sovereign downgrade.

Fedusa general secretary Dennis George said in terms of a prior undertaking given by Deputy President Cyril Ramaphosa and Finance Minister Malusi Gigaba, the delegation was supposed to comprise Treasury officials.

"These people are not serious," he said on Thursday, adding that the government’s inclusive growth action plan would not stimulate the economy because of policy uncertainty, and low business and consumer confidence.

"Business and labour waited for more than one hour for government to arrive but they did not turn up. It seems to us that government is not serious about sovereign downgrade, helping the economy to recover from low growth and rising government debt," George said.

He was hoping that another meeting would be scheduled so the issues raised by the credit-ratings agencies could be addressed and strategies devised to help rebuild international and local investor confidence.

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