The Transnet strike is going to cost the economy billions.
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The economic crisis we have been trying to confront, one that has rendered most of our youth unemployed and seen real per capita incomes falling for eight years, requires a concerted effort between all social partners. Organised business has been seized with the challenge – partnering with government to create the Solidarity Fund when Covid struck, working to mobilise resources to support many areas of the public sector where critical skills are needed, from the energy sector to the criminal just system. This has required the mobilisation of huge amounts of money to ensure we can drive an economic recovery.
Yet as we have been doing all this, we were confronted last week with the most appalling act of economic sabotage. The Transnet strike is going to cost the economy billions. It is going to set back our efforts to drive a recovery. It will damage government revenue, robbing it of the resources needed to provide poverty relief.
Yet as we have been doing all this, we were confronted last week with the most appalling act of economic sabotage. The Transnet strike is going to cost the economy billions. It is going to set back our efforts to drive a recovery. It will damage government revenue, robbing it of the resources needed to provide poverty relief.
