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Economic Crisis response task team briefs The President
5 August 2009
President Jacob Zuma was briefed at the Union Buildings today by the leadership group of the 'Framework Response to the Economic Crisis' on progress in its implementation. The leadership group consists of representatives of Labour, Business, Government and the Community constituency who are responsible for guiding the implementation of the Framework.
The Framework was approved by the joint economic presidential working group on 19 February 2009 as the basis for a national response to the impact of the international economic crisis on South Africa.
The Framework has been commended internationally for bringing together social partners in forging a common response, and has been held up as an example of how countries can respond in a sustainable manner to the current financial crisis.
President Zuma noted that recent statistical reports showed that the global crisis was biting deep in South Africa, and that measures to soften the impact of the crisis on workers and the poor were very important. Growing job losses and rising indebtedness required clear and purposeful action to respond to the needs of our people.
Acknowledging the significance of the Framework, President Zuma emphasized that the central challenge was to ensure the timely implementation of the measures agreed to by the social partners.
From the framework, several concrete programmes to implement the framework decisions have been developed through engagements with the social partners. These include:
ยท The setting up of a training layoff scheme as one alternative to retrenchment for workers and companies affected by the recession. The training layoff scheme would entail a temporary suspension of work of a worker or a group of workers that will be used for training purposes. It will be launched in September 2009 and will be applicable to workers in defined circumstances earning up to R180 000 per annum.
An amount of R2.4 billion will be placed in a National Jobs Fund, drawn from The Minister of Finance has coordinated the customs and excise programme. The Ministry of Trade and Industry has led the work on distressed sectors. The Minister of Economic Development, working with the Presidency, has chaired the leadership team of social partners.
A number of other ministers are involved in additional areas of work that will be reported on shortly.
The business team in the discussion was led by Bobby Godsell and Jerry Vilakazi. Labour was led by Bheki Ntshalintshali, Dennis George and Manene Samela. The community sector was led by Lulama Nare.
While significant technical work has been done and important progress made, President Zuma called for implementation to be speeded up so that the effect of this work would begin to be felt by the population.
"The important thing to remember is that work is being undertaken by all social partners in consultation. Not only are these partners part of developing our response to this crisis. They are also each responsible for implementing it," President Zuma said.
For further enquiries contact Alan Hirsch at 082 773 6922.
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Any other queries contact the Spokesperson, Mr. Vincent Magwenya on 072 715 0024
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