26 February 2015
The Congress of South African Trade
Union said it is concerned at the nature and tone of the 2015 budget, as there
was no radical economic transformation provided within the budget as mandated
by the Freedom Charter.
Minister of Finance Nhlanhla Nene on
Wednesday delivered his first budget speech and announced that there would be a
tax increase including personal income tax.
Cosatu Spokesperson Patrick Craven
said they are worried at the Minister’s silence on the country’s triple crisis
of unemployment, poverty and inequality.
Craven said we didn’t feel that it
came to grips with the seriousness and the depth of the crisis we face
particularly unemployment, poverty and inequality.
South Africa has not been able to
break the massive unemployment levels of 34.6%, by the more realistic expanded
definition, and woefully low levels of economic growth and unbearable levels of
poverty and inequality over the past 21 years of democracy.
Surely business as usual will not
enable us to escape this unsustainable economic crisis.
Meanwhile the National Education
Health and Allied Workers Union said there was nothing new in the speech.
The union has however welcomed the
undertaking by Treasury to release a discussion paper on the financing options
for the National Health Insurance and the White Paper.
Nehawu Spokesperson Sizwe Pamla said
we felt the Minister was not talking to the poor.
Pamla said it’s an insult to people
who get grants a R60 increase, it’s an insult considering that they themselves the
political principles and political office bearers are currently contemplating giving
themselves an 5% increase despite the fact that they are earning men with benefits.
Pamla said they are currently
waiting on President Jacob Zuma to approve of a 5% increase for themselves and
yet they throw around scraps to the poor majority and workers.
“From where we stand there is
nothing radical about what was presented” Pamla added.
Labels: Cosatu and Nehawu respond to budget speech 2015