COSATU: privatization will lead to job losses and “it will foster the casualization of labour"

COSATU General Secretary Bheki Ntshalintshali said “the privatization of SOEs that has been proposed by some in government and inside the ANC will adversely affect the state's capacity to: provide basic services to the poor; provide for infrastructural development; intervene to restructure the economy to ensure growth and employment creation.” COSATU believes privatization will lead to job losses [and] “it will foster the casualization of labour, with more and more workers being hired on limited fixed-term contracts of employment. It will also remove workers from the bargaining units established over many years in the public sector, generally leading to a reduction in incomes, benefits and job security.”