SA: Zingiswa Losi, Address by COSATU president, giving message of support at the ANC Elections Review Manifesto (03/09/23) polity.org.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from polity.org.za Daily Mail and Mail on Sunday newspapers.
The Congress of South African Trade Unions (COSATU) has noted reports about a possible National Shutdown planed for tomorrow, 10 June 2022. These reports have mentioned COSATU as one of the participants of this stay away. The Federation and its affiliated unions will not be part of that stay way. We also discourage our members from joining this stayaway because it is an unprotected action that can result in their dismissal from work. For any protected strike to take place, a Section 77 certificate needs to be applied for and issued by Nedlac as per the Labour Relations Act.
The Congress of South African Trade Unions (COSATU) has noted the South African Reserve Bank’s decision to increase the repo rate by 25 basis points in response to the rising inflation levels. Unfortunately, in the current reality where 27 million people are on welfare and workers’ wages remain stagnant, runaway inflation cannot be allowed to continue erode worker’s meagre stipends. The Federation acknowledges that price stability is important since we currently depend on capitalists for job-creation and growth. The persisting global crisis continues to weigh down heavily on the South African economy. Like much of the rest of the world, the South African economy continues to suffer from the fallout from the Russia-Ukraine war and the sky rocketing price of fuel.