The ANC is concerned about the anticipated retrenchment of employees at Telkom and MTN. It is our belief that it is not the responsibility of government alone to create and preserve jobs, but that of all entities and the private sector to play their part in creating jobs and helping to move this country forward.
Corporations must never put profit and the interests of investors above building a stable and prosperous country. We believe that retrenchments should be the last resort and that they should be done in consultation with all stakeholders and parties involved. Corporations have the responsibility to support the vision and progress of government, and one of those priorities is to create jobs and alleviate poverty. I thank you.