South Africa: Strike `cancels out SWC benefits`

source: Fin24
Sep 02 2010 15:42 Sapa

Johannesburg – The public service strike is diminishing the gains made by South Africa in hosting a successful World Cup, the SA Chamber of Commerce and Industry (Sacci) said on Thursday.

“The benefits that South Africa should have gained from the successful hosting of the 2010 Fifa Soccer World Cup are being seriously eroded by the current activities of labour,” the chamber said in a statement.

The public service strike – in its 16th day – and labour action in other sectors were harming South Africa’s economic productivity.

“There appears to be scant concern for the negative impact that the present tide of protest action has on the South African economy and the ripple effect that these actions are bound to have on economic growth, employment, job creation and both domestic and [continue reading]

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