Johannesburg - Trade union federation Cosatu has yet again warned it will not back the ANC’s proposed solutions for the country’s ailing economy if the solutions are based on the economic recovery plan proposed by Finance Minister Tito Mboweni.
The ruling party is today expected to outline the outcomes of its special national executive committee (NEC) meeting held over the weekend in Boksburg, Ekurhuleni.
The meeting, which concludes today, earlier focused on the state of local governance as well as the economy with Mboweni’s plan, titled “Economic transformation, inclusive growth, and competitiveness: Towards an Economic Strategy for South Africa” extensively deliberated on.
Mboweni released the economic policy paper late last month, advocating for several growth reforms in a bid to address challenges relating to economic growth, economic transformation and competitiveness.
Both Cosatu and the SACP, which initially rejected Mboweni’s plan, also attended the NEC meeting on Sunday.