Ramaphosa raises concerns about collective bargaining
Cyril Ramaphosa says concrete proposals on prompting market stability and income inequality are needed.
JOHANNESBURG - Deputy President Cyril Ramaphosa has raised serious concerns about the success of collective bargaining in the country.
Ramaphosa was addressing delegates at this year's National Economic Development and Labour Council (Nedlac) gathering in Kempton Park.
He says settlement agreements take longer to conclude, strikes have increased, and in some instances confidence in trade unions has been eroded.
Ramaphosa says concrete proposals on prompting market stability and income inequality are needed to support collective bargaining in the country.
The Congress of South African Trade Unions (Cosatu) general secretary Zwelinzima Vavi says the unemployment rate in the country is shocking.
"What gives labour sleepless nights is the fact that our economy is not creating jobs."
However Ramaphosa says the labour industry needs to find common solutions to the problems.
"And working together, all of us as South Africans, we can find the solutions."
He says addressing these issues will expand the country's economy and improve the lives of millions of people.