BUDGET: SAFTU slams austerity measures in the Medium-Term Budget [SOUND]

# Union federation SAFTU has rejected the Medium-Term Budget Policy Statement, accusing the National Treasury of imposing devastating neoliberalism and austerity measures on a struggling population. The government announced a downward revision of its economic growth forecast for this year to 1.2-percent from 1.6-percent projected in the February budget. Growth is expected to reach two-percent by 2029. SAFTU’s Asive Dyani says these figures confirm that the economy remains trapped in low growth, as unemployment, poverty and inequality persist: