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'We need to address structural defaults in economy that sees us losing jobs'

6 August 2019 8:00 AM
Tags:
Economy
Jobs
job summit

Business Unity South Africa (Busa) president Sipho Pityana says even though the summit made progress, more needs to be done.

It has been 10 months since President Cyril Ramaphosa's Job Summit, however, did this summit bring about change to the South African economy?

The National Economic Development and Labour Council (Nedlac) handed over a report last Thursday to the president on the progress made in the implementation of the framework agreement adopted at the Job Summit in 2018.

RELATED: Jobs summit: Companies told to stop demanding experience from job seekers

To discuss the report, Bongani Bingwa chats to Business Unity South Africa president Sipho Pityana.

The report suggests that there is some movement in terms of job creation but that is certainly not good enough. One of the conversations we have had is that we are all in agreement that the country's economy is in a very difficult place. We need to address the underlying factors like the structural defaults in the economy that sees us losing more jobs instead of creating more jobs.

Sipho Pityana, President - Business Unity South Africa

He adds that South Africa needs to address the key structural issues that make the economy shed jobs. Pityane says the government needs to have one voice in terms of what it is that will grow the economy.

Listen below to the full interview:


6 August 2019 8:00 AM
Tags:
Economy
Jobs
job summit

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