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Tito needs to focus on cost cutting and Eskom to take the country forward

Wednesday afternoon finance minister Tito Mboweni will present his 2019 Budget Speech to the nation.

What we at UASA want to see, is a renewed effort and dedication to efficiency in the country’s use of its financial resources, a workable solution to the Eskom crisis and an all-out focus on job creation and reducing the unemployment rate.

As a trade union an all-out focus on job creation and a decisive drive to lower unemployment is non-negotiable. Despite countless announcements and promises of job creation, our unemployment rate has remained the same at about a quarter of the total job-seeking population over the past 15 years, and more than 50% of young job seekers.

With Transnet the only state-owned entity (SOE) doing reasonably well, cost-cutting measures should be a priority on Mboweni’s list so that government has some financial leeway to deal with the Eskom crisis as well as the other cash-bleeding SOE's.

We also want to see a solution to South Africa’s debt to Gross Domestic Product (GDP), which currently stands at about 60%. If this ratio increases further, government will have less to spend elsewhere, such as restructuring and saving Eskom. Without a properly functioning electricity supplier, South Africa is going nowhere.

For further enquiries or to set up a personal interview, contact Stanford Mazhindu at 074 978 3415.