TRADE union federation Cosatu will not support the National Treasury’s cost containment measures, which it describes as “reckless austerity budget cuts”, but has agreed to work with its ally, the ANC, to find alternatives.
The National Treasury’s new stringent cost containment measures look set to be implemented following its announcement this week that Sars’s exceptionally large year-to-date decline in tax collection was estimated at R22 billion in the first