Matthew Parks
latest news & developmentsGodongwana holds better budget cards but economic recovery remains inadequate
Labour federations Cosatu and the South African Federation of Trade Unions have led calls for a budget that addresses massive unemployment and weak growth
Tongaat Hulett collapse looms
Vision, the lead secured lender to the troubled sugar giant, said it was committed to saving the company and jobs despite the business rescue process failing
National Dialogue: South Africa’s elusive search for a social compact
Critics wondered whether the convention would follow through with local ward talks and implement recommendations
Ramaphosa’s cabinet deliberations will not be quick or painless
The Democratic Alliance says the president must stick to the letter of the coalition pact and divide cabinet posts among parties in line with the number of seats in parliament
Government of national unity: Political shift tests Cosatu’s influence
The labour movement helped end apartheid and usher in Mandela’s coalition government. Its currently diminished position is cause for anxiety as the ANC forges new political…
Minimum wage stance won’t get DA a raise
The party’s belief that the base pay should be phased out could scupper its coalition prospects
Cosatu: Agoa must support Africa’s industrialisation
Beneficiation growth, decent work, penalties for companies that violate labour laws and ensuring multinational companies pay taxes in Africa are among the issues unions will raise
Pick n Pay: How labour has fared in Ackerman’s empire
The retail giant was known for his role in opposing apartheid-era labour restrictions. But as economic conditions became tough, so did Pick n Pay
Government stares down public wage conundrum
Workers are in the throes of a cost of living crisis, which could force the government to fold on its hard line against more spending
Eskom compact: The plan to end the energy crisis has ‘dragged on’
After 14 years of blackouts, the president has promised to expedite load-shedding’s finale
Will business come to the table for Cyril to meet his 100-day promise?
Disagreements over a basic income grant, labour law reform and how to save the economy mean consensus is still far off. But trade-offs – and political shifts – will eventually…
Business isn’t bad – if you’re big
Large corporates have thrived during the pandemic to the detriment of the workforce
As Reserve Bank eyes inflation, jobs suffer
The central bank has been criticised for hiking interest rates to the detriment of employment
‘A cruel slap’: Reserve Bank weighs inflation risks as the economy struggles
Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect
Hawkish Reserve Bank sees South Africa edge towards a rates hike
Analysts say the Reserve Bank could start tightening monetary policy as early as next month