Cosatu and Business Unity South Africa told the government at a meeting on Monday that it must find ways to use the Unemployment Insurance Fund to finance temporary layoffs and other methods of supporting companies whose finances have been hit, representatives of both organisations said.
Business representatives argued for the government to re-prioritise its spending away from non-essential state companies, such as the bankrupt national airline “Much more needs to be done,” said Matthew Parks, Cosatu’s parliamentary coordinator. In addition to the UIF, other state organisations such as the Industrial Development Corporation and the Development Bank of Southern Africa should assist, he said.Using the UIF in the fight against the virus could leave thousands of workers, who faced unemployment even before the disease became a pandemic, without any safety net.
NEDLAC & government should ensure the working class are shock-absorbed against the current economic climate.
Didn't they at 1 point say they wanted this money to service eskom debt🤷♂️ also government has a disaster fund
I tend to agree with this. We need to keep the economy afloat no matter what. And people need to eat. Bottom line: we are in war time (like it or not) and things are different now.
Is that not the whole point of the UIF, some people (organisations) are really bored.
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