Business only worried about profits, not transformation – Cosatu

2014-09-18 08:40

Private companies are not doing enough for social transformation, Cosatu has said.

“The statistician-general’s report ... confirms that the majority of our companies are still purely profit-oriented and not concerned about social transformation,” Congress of South African Trade Unions spokesperson Patrick Craven said yesterday.

He was reacting to a comparison of Statistics South Africa data from the 1994 October household survey and the 2014 quarterly labour force survey, which statistician-general Pali Lehohla presented on Monday.

Among the findings was that in the last 20 years there has been little movement towards skilled employment among the black workforce.

In 1994, 15% of black workers were in skilled jobs. This increased only 3%, to 18%, in 2014.

The report revealed that among black youth aged 25 to 34, there had been a decrease in those in skilled jobs. In 1994 the figure stood at 17% and by 2014 had dropped to 15%.

Many companies were merely paying lip service to skills development and employment equity, Craven said.

Cosatu believed skills development was inseparable from transformation processes.

“It also further confirms the obvious fact that employers, or the so-called free market, cannot advance the social cause of transformation.”

The union federation attributed this to short-sightedness.

Cosatu called for more teacher training, more agriculture and nursing colleges and better basic education to boost maths, science, commerce and technology skills.

“We further urge the state to know that no country has addressed racial inequalities through free markets, which are purely profit-driven and nothing else,” Craven said.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.