Guiding consumers since 2009

Vavi: State must intervene in SA economy

By Staff Writer
The Congress of South African Trade Unions (Cosatu) general -secretary Zwelinzima Vavi on Monday reiterated his claims that the State needs to intervene in the South African economy.

Vavi was addressing a National Education, Health and Allied Workers Union shop stewards' meeting in Durban.

The secretary-general believes that the tripartite alliance is learning a lesson and the state should aim to play a more active role in the economy.

Vavi used the National Health Insurance policy as an example as to how the State can work to help improve the lives for a very large number of South Africans.

Cosatu have been pushing for a new growth path strategy and Vavi said that cabinet would soon release the details of this but added that despite having made a some progress since the African National Congress' (ANC) last policy conference; there is still a long way to go.

The ANC released a discussion document last week which proposed introducing the NHI scheme over 14 years, starting in 2010. Funding options range from a combination of increased tax rates, increased VAT, and a payroll tax.

It is projected to cost R128bn in 2012, rising to R376bn by 2025. It will begin by improving services to rural areas, and proposes importing doctors and nurses to meet the staffing requirements.

Recent Articles

Featured It’s possible to change your marriage regime

Many people wed before they sign an antenuptial contract (ANC). This is especially practiced by people in customary marriages and those not clued up about the ANC. The law says if there’s no ANC before the wedding takes place, the marriage will automatically be in Community of Property. 

Keep this in mind when taking out new financial products

Adding a product to your personal finance portfolio, such as insurance or an investment, is a big decision. We found out what you should keep in mind before taking out a new product, how you can assess the products you already have, and how you can generally improve your financial position.

Are you in debt denial?

With debt levels increasing at 13% more than income levels, South Africans are more debt-stressed now than arguably ever before. This is iterated by the National Credit Regulator’s (NCR) report that nearly half of credit-active consumers in South Africa have damaged credit records. However, only a few seek the necessary help.

Why should you invest in a mutual bank?

Often when people think about banking, they always think about commercial banks. Mutual banks hardly come to mind, but these banks offer investment opportunities that are often overlooked.

 

Deals

Aurora Spa 100-minute Treatment Special

Price: R449
When: Until 31 March
Where: Century City

Woodstock Grill and Tap Steak Thursdays

Price: R100
When: Thursdays
Where: Woodstock

KFC 5+5 Special

Price: R65
When: Until 25 February 2020
Where: Nationwide