President Cyril Ramaphosa this week hailed the"ambitious social compact" crafted by the social partners at Nedlac as a historic milestone. It could yet prove to be - but that depends on the president himself, and so far the signs aren't so good. SA did not need yet another economic plan. But the president likes to consult ahead of making big decisions. He is big on social compacting.
The intention, certainly as business saw it, was that the partners would agree on a set of measures that could be implemented immediately. Though there was some divergence between the partners' various plans, there was also much convergence. The idea was to distil that into a crisp 10-item Action Plan that could be jointly implemented - and for which the partners, especially the government, would be held accountable at Nedlac...
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