Pages Navigation Menu

South Africa news, headlines, events , stories and all that is trending today

Vavi: Only nationalisation can end SA’s job-loss bloodbath

Story from: The Daily Vox

Saftu general secretary Zwelinzima Vavi says that as inequality continues to grow, more and more people are demanding a socialist economic structure. Vavi was speaking at a conference on decent living standards on Tuesday, just a day before a planned Cosatu strike across all nine provinces, which Saftu will not be joining.

Vavi said that by several different economic measures, South Africa was one of the most unequal countries in the world. Extreme food poverty and high household indebtedness are just two ways this inequality played out on a daily basis in South Africa. At the same time, executives from the country’s top 100 companies now earn about R69 000 a day, he said.

All this, he said, has taken place under the rule of a government that has for 23 years been “talking about the need for “radical economic transformation”, while carrying out economic policies based on a capitalist free market and neoliberal policies” which have lead to “soaring levels of inequality, unemployment and poverty”.

He said this is why people around the world are now demanding a fundamentally different, socialist economic structure. “We are determined to reinstate the real program for radical economic transformation, which has unfortunately been hijacked by corrupt faction, and to mobilise mass support for it, based on the call of the Freedom Charter that ‘there shall be jobs and security’ for all,” he said.

You can read the full transcript of the speech here.

Featured image via Flickr

The post Vavi: Only nationalisation can end SA’s job-loss bloodbath appeared first on The Daily Vox.

This post is from The Daily Vox. Click here to read the full text

Do you something awesome to share with the world? Click here to share

Follow us on twitter @SANewsTodayNow

Also, Like us on facebook

Leave a Reply