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Vol 49 No 22

Published 31st October 2008

South Africa

The Left's alternative economics

Cosatu and the SACP want to abandon inflation-targeting and spend the money 'released' on job creation, poverty and income support

The Congress of South African Trade Unions and South African Communist Party are enraged by African National Congress President Jacob Zuma's statements on economic policy continuity. One Cosatu leader told Africa Confidential: 'What we've heard attributed to him is simply unacceptable and goes against agreements in the last tripartite alliance economic summit.' Cosatu said that Finance Minister Trevor Manuel's statement 'appears to be business as usual, with no major shift in policy'.

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