Cosatu condemns IMF report

Loyiso Langeni
02 October 2013

The Congress of South African Trade Union today said it is shocked at the report by the International Monetary Fund on the South African economy, which basically seek to blame the main victims of our economic woes who are the workers and the poor. 

Cosatu Spokesperson Patrick Craven said huge levels of unemployment, inequality and poverty have been made worse by the global economic crisis. 

The report by the IMF shows that South Africa was under-performing in comparison to other emerging markets. 

Craven said what is most worrying and significance is that the IMF insists that part of the solution to the problem is the implementation of the National Development plan.

“It confirms all Cosatu’s worst fears of this plan to be endorsed by IMF” Craven added.

Craven further said they reject this report and encourage government to have nothing to do with the poisonous solutions given by the IMF.

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