President Jacob Zuma says inequality can’t be addressed while there is a widening gap between rich and poor countries.
He blames job losses globally on sluggish economic growth, shrinking investments and reduced trade levels.
He was speaking at the 17th World Federation of Trade Unions (WFTU) Congress in Durban.
The WFTU is an international trade union federation of more than 100 countries with a membership of more than 92-million workers.
The conference is attended by union representatives from Latin America, Asia, Africa, the US and Europe. President Zuma called on union representatives to deliberate the phenomenon of the acquisition of small companies by bigger companies – saying this tendency often leaves workers out in the cold.
“This is also a very critical time for us to work together to close the gap that has divided the people between the rich and the poor and which has divided countries between big and small economies.”