In this week's edition we take a look at the Zuma effect, surprising ways the economy will change and deliver a sobering Covid-19 report card.
High level clouds. Warm.
While the government gets to grips with the emergence of the new coronavirus , introducing the closure of multiple trade ports as a preventative measure, industry leaders and organisations met on Monday morning to and assess the impact of the outbreak.
Talks to use finance from public and private institutions to cut Eskom's R450bn of debt by around R250bn gathered pace last week in meetings between government, business and labour.
Irregular expenditure at National Economic Development and Labour Council went up from R1.4m in 2018 to R11.5m in 2019. The irregular expenditure reflected from 2018 is the subject of a disciplinary inquiry.
Fin24 sat down with Tanya Cohen, CEO of Business Unity South Africa, the apex organisation that played a key role in coordinating business input to the Jobs Summit and Investment Conference.
True, there's no quick fix. But send us, Mr President, says Sipho Pityana.
The Jobs Summit will see government promising no forced retrenchments in the 1.3 million-strong public service, says Madoda Vilakazi, executive director at Nedlac.
Days before the National Jobs Summit, Cosatu has expressed its scepticism.
South Africa’s trade union movement is in a state of flux.
South Africa is an old hand when it comes to different social partners collaborating to reach solutions to problems, says President Cyril Ramaphosa.
The SA Federation of Trade Unions (Saftu) is gearing up for exactly the same battle that laid the previous new labour federation low – getting into Nedlac, the labour constituency that negotiates economic policy with business and government.
His analysis was brutal: South Africa is not a country of savers. Our pension funds are effectively the only pots of money left. This was frightening and sobering to hear from the head of state, writes Adriaan Basson.
The Department of Labour has said a strike without a secret ballot vote is illegal.
BUSA says the newly signed law is a positive step towards stabilising labour relations in SA.
Business, labour, government and the community sector have been working for three months under the auspices of the National Economic Development and Labour Council (Nedlac) in preparation for the Jobs Summit, in a bid to tackle the current unemployment rate of 27.2%.
It's clear summits make jobs. But do they lead to sustained employment? asks Ferial Haffajee.
Nedlac has been slapped with a qualified audit opinion in its annual report after incurring some R1m in irregular expenditure and not initially disclosing it in line with the PFMA, says the Auditor General.
President Cyril Ramaphosa said that the provision of a national minimum wage exemption is designed for businesses that cannot implement the national minimum wage to avoid job losses.
Labour Minister Mildred Oliphant says Nedlac and Parliament have slowed down the finalisation of the minimum wage process to such an extent that the symbolic Workers' Day deadline will be missed.
Cabinet has approved the National Minimum Wage Bill and the draft legislation will now be referred to Parliament, after which President Jacob Zuma will officially sign it into law.
Cosatu will hold a nationwide strike against state capture, corruption, and job losses on September 27.
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