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2024 had both high and low points - COSATU

The article from Politicsweb discusses the Congress of South African Trade Unions (COSATU)'s reflections on the year 2024, highlighting both the highs and lows. COSATU acknowledges the progress made in economic recovery, with a GDP growth of 0.6% in the third quarter, and the stabilization of the energy sector, reducing load shedding. They also commend the government's efforts in addressing crime, corruption, and infrastructure development, particularly in transport and logistics. However, COSATU points out significant challenges including persistent unemployment, especially among the youth, and the ongoing issues with crime and corruption which continue to undermine economic stability. The union federation also expresses concern over the slow pace of transformation in key sectors like mining and manufacturing, and the need for more decisive action on land reform and economic inclusion. Overall, while there are signs of recovery and improvement, COSATU emphasizes the necessity for continued and intensified efforts to tackle deep-seated socio-economic issues.

Read the Full politicsweb Article at:
[ https://www.politicsweb.co.za/politics/2024-had-both-high-and-low-points--cosatu ]