Ebrahim Patel

Trade Unions Warn Against Consequences of Wal-Mart Deal

Trade Unions Warn Against Consequences of Wal-Mart Deal

Ebrahim Patel, the Economic Development Minister, along with Rob Davies, the Trade and Industry Minister and Tina Joemat-Pettersson, the Forestry and Fisheries Minister have lodged an application in Competition Appeal Court, as an attempt to estimate and hold forecasted 51% Massmart overtake by Walmart's.

“Conditions must be imposed that address the pre-merger retrenchments, the impact of the merger on workers' conditions in the retail sector and its supply chain”, added Saccawu while briefing its main goal.

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Accords Signed with the Hope of Generating Millions of Jobs

Accords Signed with the Hope of Generating Millions of Jobs

In the pursuit of generating five million jobs, skills development and education have signed two accords which will allow them to train about 30,000 new artisans. Besides, it will also provide opportunities to 16,000 lecturers at FET to get training in a work environment.

Economic Development Minister Ebrahim Patel said that the accords will address to the major issues. While commenting upon the accords, he said, "Addressing education and skills development is one of the core aspects of the New Growth Path”.

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Democratic Alliance Criticizes “New Growth Path” Policy

Democratic Alliance Criticizes “New Growth Path” Policy

In a conference on NEW Growth Path, Economic Development Minister of South Africa, Ebrahim Patel, refused to reveal if he supported the aspect of nationalizing the mining industry of South Africa. As per Jacob Zuma, President of SA, both the African National Congress and the government were not in favor of the policy.

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Minister Patel organizing meetings for the merger

Walmart, Massmart

The Minister of Economic Development of South Africa, Mr. Ebrahim Patel, expressed hopes that he will be able to resolve the issues which are raised by various unions. Mr. Patel said that the issues were mostly likely to be resolved before the merger of the Wal mart with the Massmart. This proposed merger of the Wal mart and the Massmart was scheduled to be heard on the next month by the Competition Tribunal. Mr.

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NGP is not getting enough support

Ebrahim Patel

The Economic Development minister of South Africa Ebrahim Patel has given a new direction for economy which did not get enough supporters while it got a crowd of detractors.

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New Growth Path empowers state to a greater extent

Ebrahim Patel

Many of the proposals of the New Growth Path announced by Ebrahim Patel, the Economic Development minister of South Africa got support of the business industry but there are some other proposals where the business has its issue. These were stated by the chief executive of Business Unity SA (Busa), Mr. Jerry Vilakazi.

While addressing a press conference yesterday at the launch of one Busa discussion document on economic policy Vilkazi raised question whether the government is able to intervene in the economy to the extent that has been proposed in the NGP.

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Patel lost his battle with the Treasury over antitrust fines

Ebrahim Patel

Yesterday, the Economic Development minister Ebrahim Patel had lost his battle with the treasury over antitrust fines but he did win the battle for ploughing in a more interfering path for interpreting the coming up economic policy of the country.

The Competition Commission which is accountable to the department of Economic Development, yesterday in a last minute agreement backed out and agreed to the Treasury's decision that money that has been paid by Pioneer Foods for settling charges against it would be deposited in the Treasury.

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SACP and Cosatu differ in their stances on New Growth Path plan

The New Growth Path suggested by the Economic Development Minister Mr. Ebrahim Patel was welcomed by the South African Communist Party following Cosatu’s or Congress of South African Unions disagreement on some of the proposals laid out by the proposed plan a few days back.

The difference of opinions between the left parties who are allies of the ANC clearly indicated the stressed out relations amongst the three party alliances over the control of the state as well as the ruling party.

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Mr Ebrahim Patel still planning

Mister Ebrahim Patel is the minister of economic development. Mister Patel is relating the compromises that had been made at the time the South African nation took the form of a democracy to the changes that will be needed by his New Growth Path of NGP.

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Wages cap brought by Patel will increase inequality as stated by Cosatu

Cosatu has received the proposal of the Economic Development Minister Ebrahim Patel on restriction on wages with a cool stance and issued warning that if the proposed plan gets implemented then the inequalities at the workplace will increase instead of decreasing.

The Congress of South African Trade Unions or Cosatu has rejected the plan after the plan had been warned earlier by the business industry stating that the cap on wages that has been mandated in the plan will lead to lower foreign investment and at the same time the productivity improvement will also get curtailed.

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