Zuma, business meet to save economy

President Jacob Zuma will meet with business groups and Cosatu to discuss SA’s struggling economy.

A mine. Picture: AFP

JOHANNESBURG - President Jacob Zuma will meet with, among others, Business Unity South Africa (Busa), the Black Business Council (BBC) and the Congress of South African Trade Unions (Cosatu) on Friday, to discuss the wave of violent labour strikes rocking the nation.

The meeting is set to focus on external and internal challenges, and how each of the organisations can help to improve the country's ailing economy.

Presidency spokesperson Mac Maharaj said the world economy was beset with problems and that South African's export markets were contracting.

On Thursday, Zuma said the meeting with the organisations was an indication of government's concern over the economy.

He also called for an amicable resolution to strike action in the mining and trucking industries, as well as the announced municipal workers' strike expected to begin next week.

Truck drivers ended their three-week strike on Friday after they signed a wage deal.

The local mining industry has been rocked by several strike actions from disgruntled mineworkers who are demanding higher wages.

In both sectors, mining and transport, violence has been reported, with trucks being burnt and people killed around mining towns in Rustenburg.