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.