Unions slam budget speech

Finance minister accepts SAFTU's memorandum before he's budget speech. Courtesy #DStv403

PARLIAMENT - Unions protested outside Parliament on Wednesday over the proposed plan to split up Eskom into three arms.

READ: Budget 2019: 16 key points

Saftu general-secretary Zwelinzima Vavi said he was completely unimpressed by the budget.

READ: Education receives most money in budget

Eskom is deep in a financial and operational crisis. Its debt stands at a massive R419-billion and it's unable to pay this from the revenue it earns.

Business leaders say consequences will be dire if no action is taken.


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