LUMKILE MONDI: Cosatu and SAA solutions hint at Treasury defeat
Developments indicate that political pressure has been applied to clear the way for state-led initiatives
29 January 2020 - 16:28
The funding of SAA by the Development Bank of Southern Africa (DBSA) represents a significant macroeconomic policy shift by the ANC government.
Its timing, together with the Cosatu document on Eskom that argues for the retention of the status quo and job protection through the prescribed asset mechanism — using individual state pensioners’ money — reinforces my view that the Treasury has capitulated to political pressure for a state-led economic development model...
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.