ECONOMIC PLAN
Cosatu wants more details about Ramaphosa’s ‘new deal’
Cosatu says it was not consulted about the proposed economic reforms
Cosatu says it will seek clarity from Deputy President Cyril Ramaphosa on his "new deal", an economic plan he unveiled recently as part of his campaign for the ANC presidency. Cosatu, the first formation formally to endorse Ramaphosa for the ANC presidency, said it was not consulted about the proposed economic reforms. The new deal involves restoring investor confidence by reversing SA’s downward trajectory while fighting corruption and reasserting the independence of state institutions. It also involves a plan to create more jobs through public-private partnerships. Ramaphosa met members of the Cosatu political commission last Monday to discuss his campaign and the expectations of workers.
In a media briefing on Thursday after its central executive committee meeting, Cosatu spokesman Sizwe Pamla said the labour federation wanted an economic plan that would incorporate inputs from all social partners as it had become clear that "there is a need for a uniquely South African dev...
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