Nedlac summit
SA’s technical recession status not a crisis - David Mabuza
The country entered into the technical recession when the economy contracted by 0.7% in the second quarter after a dismal performance in the first quarter.
The deputy president says government must be held to the same standards that it demands of society.
Cyril Ramaphosa says concrete proposals on prompting market stability and income inequality are needed.
Ramaphosa says workers and their unions are not the only ones to blame for the country's economic woes.
Cosatu says a moratorium must be placed on proposed reform of the local pension fund industry.
Nedlac is hosting its 19th summit in Johannesburg where issues impacting the organisation are being discussed.
The summit will be addressed by Deputy President Cyril Ramaphosa and Labour Minister Mildred Oliphant.