Presidency to present NEDLAC parties agreement on economic recovery plan

Front Page Looking For… Social Development, Community Building, NPOs & NGOs Presidency to present NEDLAC parties agreement on economic recovery plan

Viewing 0 reply threads
  • Author
    • #76210
      sylvia hammond

      By now most members will be aware of a broadcast by President Ramaphosa at 19h00 tonight (16th September 2020).

      Below is the statement from the Presidency last night – following the NEDLAC meeting.

      However, in the statement there is mention of “the social partners”. There may be members wondering who is/are NEDLAC, and so I thought it would be interesting to go back to the original founding of NEDLAC, & the NEDLAC Act 35 of 1994.
      (So right at the beginning post-apartheid.)

      I quote the original objects of the NEDLAC Act:

      “5. (1) The Council shall-
      (a) strive to promote the goals of economic growth, participation in economic decision-making and social equity;
      (b) seek to reach consensus and conclude agreements on matters pertaining to social and economic policy;
      (c) consider all proposed labour legislation relating to labour market policy before it is introduced in Parliament;
      (d) consider all significant changes to social and economic policy before it is implemented or introduced in Parliament;
      (e) encourage and promote the formulation of coordinated policy on social and economic matters.”

      Statement from the Presidency
      “15 September 2020 – 6:45pm

      The National Economic Development and Labour Council (NEDLAC) has agreed to an action plan for economic recovery which is due for consideration and finalisation by Cabinet and is directed towards building confidence and placing SA on a path of investment and growth.

      The agreement was formalised at a meeting today, Tuesday, 15 September 2020, of the NEDLAC Forum for Economic Recovery that was chaired by President Cyril Ramaphosa.

      The social partners’ action plan is founded on significant convergence on what needs to be done to set the economy on a new, accelerated, inclusive and transformative growth trajectory.

      Social partners have identified priority areas for rebuilding the economy as well as structural reforms and other programmes which will enable sustainable and inclusive growth with an intensive focus on job creation.

      Social partners have also agreed on a social compact which commits government, business, labour and community to mobilising funding to address Eskom’s financial crisis in a sustainable manner – in return for an efficient, productive and fit-for-purpose Eskom that generates electricity at affordable prices for communities and industries.

      The economic recovery action plan identifies roles and responsibilities of all the social partners – government, community, labour and business – who today declared their commitment to implementation of the plan.

      The President will announce the details of the plan once it has been finalised by Cabinet.

      The President welcomed the social partners’ plan for economic recovery as a demonstration of collaboration that had produced “a significant milestone in the history of our democracy and the advent of a new era of confidence”.

      “This is a great achievement that rises to the challenge of the moment,” the President said.

      Media enquiries: Tyrone Seale, Acting Spokesperson to the President at [email protected]

      Issued by: The Presidency

      Share on Social Media
Viewing 0 reply threads
  • You must be logged in to reply to this topic.
Share on Social Media