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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Cosatu’s Matthew Parks

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South Africa

S.A Union Saftu Blames Capitalism for South Africa’s Rising Unemployment Crisis

  South Africa's union federation, Saftu, attributes the country's soaring unemployment rates—8.3 million officially and 12.3 million in expanded figures—to capitalism. The latest labour force survey reveals alarming youth unemployment rates of 46.6% and 70%. Saftu’s Trevor Shaku criticized capitalism for its failure to generate local job opportunities.   Meanwhile, Cosatu's Matthew Parks has urged immediate action, for increased job creation initiatives. He emphasised the need for a bold Medium-Term […]

todayAugust 14, 2024 10

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South Africa

S.A’s Union federation Cosatu says the Eskom Debt Relief Amendment Act will enable the power utility to prioritise maintenance to end load-shedding

S.A's Union federation Cosatu says the Eskom Debt Relief Amendment Act will enable the power utility to prioritise maintenance to end load-shedding. They welcome president Cyril Ramaphosa's approval of the Act, crucial in stabilising Eskom. The federation has long supported the need for the government to take over Eskom's unsustainable debt levels as part of measures to stabilise and support economic growth, and rebuild the crucial electricity provider. Cosatu’s Matthew […]

todayApril 11, 2024 21

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