Fedusa, Nedlac vow to improve SA's investment levels

It follows the decision by rating agencies to downgrade the country to junk status after President Jacob Zuma’s Cabinet reshuffle.

FILE: Federation of Unions of South Africa (Fedusa). Picture: EWN

JOHANNESBURG – The Federation of Unions of South Africa (Fedusa) says social partners of the National Economic Development and Labour Council (Nedlac) have vowed to continue working on improving the country’s investment levels and holding discussions with rating agencies despite some political uncertainties.

A meeting held on Tuesday between leaders of labour, business and deputy President Cyril Ramaphosa has resulted in a decision to establish a task team aimed at improving the country’s economy.

It follows the decision by rating agencies to downgrade the country to junk status after President Jacob Zuma’s Cabinet reshuffle.

Fedusa’s Dennis George says: “To ensure that we get our economy to be back on the investment level and if the two processes can come together somewhere in the future after the 18th, then it will be much more satisfactory because that will be more political certainty to the whole process.”