{"id":92853,"date":"2025-11-13T18:08:48","date_gmt":"2025-11-13T18:08:48","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support"},"modified":"2025-11-13T18:25:49","modified_gmt":"2025-11-13T18:25:49","slug":"socio-economic-stagnation-will-persist-without-support","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support","title":{"rendered":"Socio-Economic Stagnation Will Persist Without Support"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>Some labour unions believe the National Treasury missed the mark on some key issues in the Medium-Term Budget Policy Statement (MTBPS).<\/p>\n<p>Minister of Finance Enoch Godongwana delivered the &#8220;mini budget&#8221; in Parliament on Wednesday.<\/p>\n<p>While economists have described the macroeconomic picture as better than expected, some unions are not sold on government\u2019s policy stance.<\/p>\n<p>The NationalEducation, Health and Allied Workers\u2019 Union (NEHAWU) said it rejects the National Treasury\u2019s fiscal stance of growing the primary fiscal surplus, when it knows that the past decade of sustained budgetary cuts has devastated the capacity and capability of the public sector.<\/p>\n<p>The union said this includes the provision of public services to the working class and rural poor, whilst seeking to draw additional spending through the dollar-denominated World Bank loans.<\/p>\n<p>NEHAWU has also rejected the revision to the inflation targeting framework, which it said is not balanced with the utilisation of the monetary policy in pursuing the targeting of employment creation and economic growth rate.<\/p>\n<p>The South African Federation of Trade Unions (SAFTU) said the mini budget offers false optimism in a broken economy.<\/p>\n<p>SAFTU said while the National Treasury claims fiscal constraints prevent the implementation of a basic income grant, billions are lost to corporate tax evasion, illicit outflows and procurement theft.<\/p>\n<p>NEHAWU and SAFTU believe what they term &#8220;socio-economic stagnation&#8221; will persist until steps are taken to ensure social protection of vulnerable households.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Some labour unions believe the National Treasury missed the mark on some key issues in the Medium-Term Budget Policy Statement (MTBPS). Minister of Finance Enoch Godongwana delivered the &#8220;mini budget&#8221; in Parliament on Wednesday. While economists have described the macroeconomic picture as better than expected, some unions are not sold on government\u2019s [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":92852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[275],"class_list":["post-92853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Socio-Economic Stagnation Will Persist Without Support - South Africa<\/title>\n<meta name=\"description\" content=\"Some labour unions believe the National Treasury missed the mark on some key issues in the Medium-Term Budget Policy Sta ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Socio-Economic Stagnation Will Persist Without Support\" \/>\n<meta property=\"og:description\" content=\"Some labour unions believe the National Treasury missed the mark on some key issues in the Medium-Term Budget Policy Sta ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-13T18:08:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-13T18:25:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1763045697.199268.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Socio-Economic Stagnation Will Persist Without Support\",\"datePublished\":\"2025-11-13T18:08:48+00:00\",\"dateModified\":\"2025-11-13T18:25:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1763045697.199268.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/socio-economic-stagnation-will-persist-without-support\",\"name\":\"Socio-Economic Stagnation Will Persist Without Support - 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