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TREASURY CANNOT PRETEND SOUTH AFRICA IS LIKE ITS “PEERS” WHEN WE ARE THE WORLD CAPITAL OF JOBLESSNESS, POVERTY, AND INEQUALITY. | SA News


The South African Federation of Trade Unions (SAFTU) rejects with absolute contempt the claim by the National Treasury that lowering the inflation target to 3% “brings South Africa in line with our peers”. The government wants the nation to swallow the myth that South Africa is a normal upper-middle-income economy, when in reality, we are an international outlier, a country where workers, the unemployed, and the poor are experiencing levels of deprivation unseen anywhere else in our income group. If the government wants to compare “bananas to bananas”, then let us compare them properly, using the same World Bank, ILO, and upper-middle-income benchmarks they claim to follow.

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  1. Fun South African Fact: The Lion, the cheetah and the wildebeest are three of the five fastest animals in the world and they all live in South Africa.

  2. Aikona – not on your life [eye-koh-na] or [hi-koh-na] A Zulu term used to express shock or disbelief when talking to friends or family.Example: “Aikona, why did she do that?!” / “Haikona, when?! How?!”