Inflationary pressures see alcohol and fast food purchases decline
Danette Breitenbach
Busa, Cosatu at odds over partnerships
While Business Unity South Africa (Busa) wants the private sector to form partnerships with government to boost economic growth, the Congress of South African Trade Unions (Cosatu), according to Mail & Guardian, says that these partnerships will be of little benefit and urged the government to boost job creation by investing in infrastructure development.
The Mail & Guardian quotes Busa's deputy chief executive, Raymond Parsons and saying that public-private partnerships (PPPs) will improve service delivery and drive economic growth.
Cosatu meanwhile condemned Busa's views as being "a far-fetched dream" and insisted that the state must take the lead in driving economic activity.
According to the Mail & Guardian report, economist Chris Hart of Investment Solutions supports Cosatu's views and says that while PPPs can supplement what government does there is "no model in the world where these partnerships provide meaningful economic growth".
For more:
- Mail & Guardian: 'Far-fetched' dream to save SA economy slammed
- Busa website: BUSA's Economic and Business Outlook for 2012
