for subscribers

Cosatu unites with business against state capture, nuclear and Eskom

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Business Leadership South Africa CEO designate Bonang Mohale. (Picture: Muntu Vilakazi/City Press)
Business Leadership South Africa CEO designate Bonang Mohale. (Picture: Muntu Vilakazi/City Press)

Cape Town – Labour federation Cosatu and Business Leadership South Africa (BLSA) have taken a united stand against state capture, nuclear energy and the Eskom leadership, among other issues plaguing the country.

The two organisations met on Friday and Saturday to create a plan to lift South Africa out of its current economic and political crisis, Cosatu general secretary Bheki Ntshalintshali and BLSA CEO designate Bonang Mohale revealed in a joint statement on Monday.

“Concrete action is required to reverse the current trajectory of low growth exacerbated by ratings downgrades, low business and consumer confidence, and tentative investment, each of which is a direct consequence of political uncertainty, corruption and state capture,” they said.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.33
(-0.06)
ZAR/GBP
21.08
(-0.04)
ZAR/EUR
19.33
(-0.03)
ZAR/AUD
11.90
(-0.03)
ZAR/JPY
0.16
(-1.15)
Gold
1949.72
(+0.03)
Silver
26.74
(+0.09)
Platinum
928.80
(+0.44)
Brent Crude
43.52
(-0.32)
Palladium
2356.01
(+0.63)
All Share
54673.65
(-0.66)
Top 40
50399.16
(-0.59)
Financial 15
9841.32
(-2.14)
Industrial 25
72558.00
(-1.08)
Resource 10
55438.10
(+0.58)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1296 votes
It depends on how the funds are used.
73% - 8622 votes
No. We should have gotten the loan elsewhere.
16% - 1898 votes
Vote