Mabuza Talks Economic Development with Business & Labour Sectors

Written by on 8 December, 2020

By: Mfundo Mabaso

Deputy President David Mabuza says government is committed to the speedy implementation of structural reforms and outstanding measures in areas such as energy security and digital migration.

Mabuza had been speaking at the 25th Annual Summit of the National Economic Development and Labour Council, in Sandton, Gauteng.

NEDLAC is the vehicle by which Government, labour, business and community organisations seek to cooperate, through problem-solving and negotiation, on economic, labour and development issues.

Mabuza says the widening trust deficit between government, labour and business demands full support of the structural interventions and enablers contained in the economic reconstruction and recovery plan.

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He further says the prevailing condition of ignoring the land question in the country, provides a fertile ground for social discord and political instability.

His comments comes as the country’s economy continues to struggle under the effects of the National Lockdown due to COVID-19.

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Social partners and government have signed the Framework Agreement for a Social Compact on Supporting Eskom for Inclusive Economic Growth.

The social compact sets out steps that each social partner commits to take, in supporting the stabilisation of Eskom, so that there can be an efficient, reliable and affordable supply of energy.

Mabuza says Social Compact remains relevant, and will be an important vehicle to hold Eskom to account, and to rectify the problems of the past.

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