COSATU is flabbergasted by the International Monetary Fund's (IMF) latest report on South Africa, spokesman Patrick Craven said.
"It lays the blame for the poorly performing economy on the 'government's poor record in controlling the wage bill and potential spillovers from high wage demands'," he said.
"It thus blames the world capitalist crisis, brought about by the IMF's own neoliberal 'free-market' capitalist policies, and the shocking levels of unemployment, poverty and inequality which this has caused in SA and elsewhere, on the main victims of that crisis – the workers and the poor."
The IMF released its Article IV report on South Africa on Tuesday.
It raised issues about the economy, growth and job creation.
The report called for social bargaining, to include "wage restraints" in return for hiring commitments, measures to enhance product market competition, and improved public services.
Cosatu urged the government not to be misled by the IMF's policies. "Rather stick with the ANC's proposal for a radical economic programme and engage with the economic proposals tabled at the recent alliance summit," Craven said. – Sapa