There is agreement among social partners that the social compact cannot be a vague set of commitments, but a clear pathway to achieve higher levels of equality, jobs and common prosperity, writes CyrilRamaphosa.
President Cyril Ramaphosa. Photo by Thomas Lohnes/Getty Images.
More recently, social partners contributed to developing the Economic Reconstruction and Recovery Plan as a response to the effects of Covid-19.We have been facing high levels of joblessness, growing inequality and high levels of poverty over the past two decades. Our economy has not been growing at the pace that could enable us to make a meaningful dent in unemployment, poverty and inequality.
We have seen what happens when such accords are concluded to much fanfare, only to fall short on implementation. What is required most of all on the social compact is a clear set of interventions with a credible plan for their implementation. While the state has a responsibility to improve the climate for the private sector to invest, implement social support measures to protect society's most vulnerable, and spearhead poverty eradication programmes, there must be complementary actions by business.
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