ramaphosa2EWN reports that President Cyril Ramaphosa has assured the Congress of South African Trade Unions (Cosatu) that government is determined to deal with the declining economy.  

This was in response to Cosatu affiliated unions who have raised concerns about government plans that could be detrimental to their members.  He addressed members behind closed doors at the federation's central executive committee meeting on Monday.  As the country gears up for Wednesday’s budget speech, Ramaphosa came face to face with the leaders of the country’s biggest labour federation.  Apparently, his address was thin on practical details, much like his state of the nation address.  The worker representatives reportedly took him to task about wasteful state expenditure and the public service wage bill.  With concerns that public service workers were being "thrown under the bus" as Treasury looked to cut costs, the union leaders demanded that ministers’ salaries be cut and that wasteful expenditure be curtailed.  The President apparently applauded Cosatu and other labour organisations for initiating the recent Eskom rescue plan that could be funded by the Public Investment Corporation (PIC) through bonds and equity.

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