Fin24 reports on the view that the National Economic Development and Labour Council (Nedlac) has reached its sell-buy date and a new organisation, consisting of a loser formation of business, government and labour, should be formed in its place.

This is according to Mzukisi Qobo, associate professor at the University of Johannesburg and one of the authors of the Institute for Justice and Reconciliation (IJR) 2016 Transformation Audit. “There are tensions among the social partners and a trust deficit which means the mechanisms put in place, such as Nedlac, are no longer relevant. It was a transitional arrangement, but we now need a new social compact,” Qobo said.  According to him, Nedlac is weak and sectoral-driven and is not driving social change or economic reform. He also thinks Cosatu has too much power in Nedlac, while by contrast the Black Business Council does not have a Nedlac seat.

  • Read this report by Liesl Peyper in full here.