Today's Labour News

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ramaphosa2BusinessLive reports that President Cyril Ramaphosa said on Wednesday that the first task in kick-starting SA's economy was to reconfigure the cabinet.  

“We're now going to reconfigure our cabinet as part of the reform package our country needs for the economy to move forward and address the needs of our people,” Ramaphosa told investors at a Goldman Sachs conference.  This move will be an indication of the kind of power Ramaphosa holds in the ANC as investors watch to see whether he has the political will to replace Zuma-era appointees.  “The reconfigured cabinet structure will come out with an institutional framework to serve our country best and focus on economic growth.  The key risk for us is low economic growth and creating jobs.  The structure of government will speak to that,” Ramaphosa indicated.  This came a day after data from Statistics SA showed that the unemployment rate rose to a near 15-year high in the first quarter of 2019.  Ramaphosa also said the government would continue with its reform of state-owned enterprises, particularly cleaning up power utility Eskom.  “We will deal with it (overstaffing) sensitively with our unions with thorough discussions without throwing people out.  It's a problem we have to deal with but in the end Eskom is too big to fail,” the president said.

  • Read the full original of Sunita Menon’s report on the above at BusinessLive


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