'We need to address structural defaults in economy that sees us losing jobs'
It has been 10 months since President Cyril Ramaphosa's Job Summit, however, did this summit bring about change to the South African economy?
The National Economic Development and Labour Council (Nedlac) handed over a report last Thursday to the president on the progress made in the implementation of the framework agreement adopted at the Job Summit in 2018.
To discuss the report, Bongani Bingwa chats to Business Unity South Africa president Sipho Pityana.
The report suggests that there is some movement in terms of job creation but that is certainly not good enough. One of the conversations we have had is that we are all in agreement that the country's economy is in a very difficult place. We need to address the underlying factors like the structural defaults in the economy that sees us losing more jobs instead of creating more jobs.Sipho Pityana, President - Business Unity South Africa
He adds that South Africa needs to address the key structural issues that make the economy shed jobs. Pityane says the government needs to have one voice in terms of what it is that will grow the economy.
Listen below to the full interview:
This article first appeared on 702 : 'We need to address structural defaults in economy that sees us losing jobs'
The scuffle took place at the EFF elective conference where Julius Malema and Floyd Shivambu were re-elected to top positions.Read More
The party is holding its national elective conference at Nasrec this weekend amid a row over media accreditation.Read More
A High Court judge has extended an interdict stopping law enforcement officials from issuing fines and harassing homeless people.Read More
Department of Home Affairs spokesperson, Siya Qoza, explains how the power outages affected services to verify identities.Read More
The High Court has dismissed the Public Protector's application for leave to appeal the Estina Dairy Farm report ruling.Read More
Political analyst Ralph Mathekga looks at the upcoming Economic Freedom Fighters National People’s Assembly starting on Friday.Read More
Premier Alan Winde and ANC's Cameron Dugmore are behind Matakata, who's tasked with bringing stability to policing in the province.Read More
Refilwe Moloto interviews Marks on her first visit to Cape Town since taking up her new role.Read More
Sarb Governor Lesetja Kganyago highlights responsibilities of Reserve Bank and why interest rates are a tool not policy objective.Read More
W Cape MEC for Community Safety Albert Fritz discusses the new appointment of Yolisa Matakata as the top cop in the province.Read More