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Ramaphosa backs down on grand social compact with labour, business

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ANC President Cyril Ramaphosa.
ANC President Cyril Ramaphosa.
Alfonso Nqunjana

President Cyril Ramaphosa's ambition to strike a grand social compact with business and labour might not work out after all, he suggested to delegates at the ANC conference on Friday evening.

Ramaphosa, who said in his February State of the Nation Address (SONA) that he wanted a social compact agreed upon within 100 days, is a strong believer and champion of compacting, which he has advocated as the best way to generate economic growth.

But on Friday, Ramaphosa said: "We need to assess whether our ambition to build a 'grand' social compact is feasible or whether we need to focus on building social compacts around the various areas that require broader social collaboration."

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