The South African Federation of Trade Unions (Saftu) says President Cyril Ramaphosa‘s administration does not need further plans – but should urgently implement existing policies to create jobs in the country.
Saftu says the lack of beneficiation of mineral resources has hurt employment creation.
Many countries – including China – have large manufacturing industries that add further value to minerals extracted from the ground.
Saftu General Secretary, Zwelinzima Vavi says, “We must allow our major companies to list in London in New York and elsewhere. We doing nothing about illicit cash outflows but concerned about corruption of the small fishes while billions of rands leave our economy untracked. When are we developing capacity within South African Revenue Service (SARS)?”
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