The Select Committee on Trade and International Relations has noted comments from National Treasury about the negative impact lengthy strikes in the platinum and metal sectors had for economic growth during the second term of the year.
The Chairperson of the Committee, Mr Eddie Makue, said this was indeed worrying and needed urgent attention from all concerned stakeholders. “It is evidently clear that the lengthy strikes have a potential to ruin the country’s economy. This is surely not good news for government’s stated objectives on job creation,” Mr Makue said.
The Portfolio and Select Committees on International Relations and Cooperation are attending the Heads of Missions Conference in Pretoria where all South Africa’s ambassadors are gathered to reflect on the commitments of the Fifth Administration as stated in the 2014 June State of the Nation Address.
Finance Minister Nhlanhla Nene informed the conference that the five month long strike in the platinum sector impacted negatively on influencing investor confidence in the country. He said unemployment was still a challenge that had not been resolved globally.
Mr Makue said the investor confidence, sustained economic growth and job creation required new thinking and trade partnerships. “South Africa is on the right track. We are mindful of ‘the right to strike’ but the conference emphasised the importance of defending our national interests,” he said.
For media enquiries or interviews with the Chairperson, please contact:
Sibongile Maputi
Tel: 021 403 8041
Cell: 081 052 6060
E-mail: smaputi@parliament.gov.za
