Some of South Africa’s biggest unions are not happy with the government’s plan to cut spending.
Some of South Africa’s biggest trade unions have called for strikes over the proposed budget cuts by the National Treasury to be announced in the Medium-Term Budget Policy Statement , which unions say would be detrimental to workers and the poor.reported that Saftu and Cosatu heads called on all unions, workers, and the public of South Africa to stand against any budgetary cuts which are a result of an incompetent government.
Cosatu president Zingiswa Losi added budget cuts would not help resolve the economic crisis in the country. The labour federation rejected “reckless attempts to impose misguided austerity budget cuts” across government, reported City Press. Freezing the advertisement of the procurement of all infrastructure projects unless approved by the Treasury.Freeze spending on catering, workshops and conferences, and other related goods and services that have not been contracted.
These concerns have seemingly been affirmed by President Cyril Ramaphosa, who said in response to the drafted document that a cut in spending is “not necessarily” the answer to the country’s financial problems, despite the decline in revenue. Therefore, without drastic curtailing of government spending, the only option is increasing taxes – which Roodt said would be a big mistake.Only 1.12% of taxpayers pay 30% of total personal income taxes in the country, while 19% pay a whopping 87% of total personal income taxes.
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