MTBPS: Cosatu urges minister to avoid business-as-usual approach to ills
The best way to curb public debt is to stimulate economic growth and spur job creation, says Matthew Parks
29 October 2024 - 05:00
UPDATED 29 October 2024 - 14:09
Labour has called on the government to table a decisive and progressive medium-term budget policy statement (MTBPS) on Wednesday to address a slew of socioeconomic crises buffeting one of Africa’s largest economies.
“An economy stumbling along with a sluggish 1% growth rate, witnessing a rising unemployment rate of 42.6% and higher for youth, entrenched levels of poverty and inequality, embattled public and municipal services, ailing state-owned enterprises, and endemic crime and corruption cannot afford a tepid business-as-usual approach,” Cosatu parliamentary co-ordinator Matthew Parks said. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.