Paul Mashatile tells Nedlac that plans for a social compact have hit another snag
Deputy President Paul Mashatile said plans for a social compact have again hit a snag as government, businesses and the labour sector failed to agree on common terms.
The social compact was touted by President Cyril Ramaphosa over a year ago to address the country’s daunting socio-economic challenges.
This includes stubborn unemployment, inequality, poor economic growth, high costs of living, as well as crime and corruption.
Mashatile admitted to delegates at the 28th Nedlac summit in Midrand on Friday that more needed to be done to meet the demands.
President Cyril Ramaphosa made the promise of a social compact at the February State of the Nation Address in 2022.
But his administration failed to meet the 100-day deadline to finalise talks with business and labour.
The social compact is meant to accelerate economic reforms, reduce red tape, improve social security and take decisive action against corruption.
The draft document was initially rejected by the social partners after failing to iron out quibbles on some of the priorities.
Despite the delays, Deputy President Paul Mashatile said some progress had been made.
“Nonetheless, since assuming the position of deputy president, I have witnessed encouraging moves towards social compacting, such as the recent commitment of more than 15 CEOs to work with the government to reconstruct the economy.”
Mashatile said delegates must use this year’s summit to find a win-win solution to avoid exacerbating the country’s socio-economic challenges.
-EWN
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