The National Economic Development and Labour Council was established in terms of the
National Economic Development and Labour Council Act, 1994, and operates in terms of its own constitution.
The Act requires organised labour, organised business, community based organisations and Government, as a collective, to promote the goals of economic growth; participate in economic decision making and social equity; seek to reach consensus and conclude agreements on matters pertaining to social and economic policy; consider all proposed labour legislation relating to labour market policy and all significant changes to social and economic policies before these are introduced in Parliament; and encourage and promote the formulation of coordinated policy on social and economic matters
The NEDLAC Act requires the institution to:
National Economic Development and Labour Council (NEDLAC)
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