Left at­tack on Manuel

Finweek English Edition - - MAIN STORIES THIS WEEK -

WHAT HAP­PENED

MIN­IS­TER IN THE PRES­I­DENCY Trevor Manuel was on the re­ceiv­ing end of a scathing at­tack by the SA Com­mu­nist Party and trade union fed­er­a­tion Cosatu, af­ter he sug­gested trade unions were ex­ac­er­bat­ing the eco­nomic cri­sis by threat­en­ing to strike. He also ac­cused big busi­ness of cow­ardice, say­ing it didn’t stand up for it­self when chal­lenged by or­gan­ised labour. THE WIT­NESS said the point Manuel should have made was that a healthy econ­omy re­quires there to be a dy­namic ten­sion be­tween busi­ness and labour. That means an in­dus­tri­ous but not bully work­force with ra­tio­nal and fairly pay­ing em­ploy­ers. Busi­ness Day said Manuel had a point in sug­gest­ing it wasn’t the right time to strike.

WHAT OTH­ERS SAID

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