Cosatu Expresses Concern Over South Africa’s 0.3% GDP Contraction

Cosatu Expresses Concern Over South Africa’s 0.3% GDP Contraction

S.A Union Cosatu says it is disheartening that the country’s gross domestic product has contracted by 0.3-percent in the third quarter compared to the second quarter. Statistics South Africa said the leading contributors to the decline were agriculture, transport, and communications. Cosatu’s, Zanele Sabela, says for a brief period, it appeared as if things were improving when expanded unemployment fell by 0.7-percent, and inflation dropped to 2.8-percent:

December 4, 2024 9

Business / Economics

S.A Union Urges Reserve Bank for Bigger Repo Rate Cut

South African Union federation Cosatu urges the South African Reserve Bank to implement a larger-than-expected repo rate cut to help ease the financial strain on workers. Following the decrease in inflation to 2.8-percent in October, the federation believes a more significant rate reduction, beyond the anticipated 25 basis points, is needed to alleviate the burden on over-indebted households. Cosatu’s Zanele Sabela says high interest rates have forced workers to […]

November 21, 2024 19

South Africa

S.A Union Slams R3.6 Billion Matric Exam Printing Costs

S.A Union Cosatu has expressed shock as matric exam paper printing costs increased from just under one-billion-rand to 3.6-billion-rand under Basic Education minister Siviwe Gwarube. Spokesperson Zanele Sabela says the decision to allow provinces to choose their printers led to this massive increase, with Limpopo's costs alone rising over 130-percent. She has criticised Gwarube for her handling of funding amid a budget crisis:

November 13, 2024 31

South Africa

S.A Unions Back One Another in Labour Court Battle Over Community Healthcare Workers

South African Union, Cosatu, says it is fully behind its affiliate NEHAWU, as it heads to the Labour Court today in defence of Community Healthcare Workers. Cosatu’s spokesperson, Zanele Sabela says the union seeks to review the arbitration award that ruled against its application to compel the Department of Health to appoint Community Healthcare Workers permanently. She says NEHAWU’s case is justified:

October 29, 2024 47