The National Economic Development and Labour Council was established in terms of the National Economic Development and Labour Council Act, 1994, and operates in terms of its own constitution.
The Act requires organised labour, organised business, community based organisations and Government, as a collective, to promote the goals of economic growth; participate in economic decision making and social equity; seek to reach consensus and conclude agreements on matters pertaining to social and economic policy; consider all proposed labour legislation relating to labour market policy and all significant changes to social and economic policies before these are introduced in Parliament; and encourage and promote the formulation of coordinated policy on social and economic matters
The NEDLAC Act requires the institution to:
- Strive to promote the goals of economic growth, participation in economic decision – making and social equity
- Seek to reach consensus and conclude agreements on matters pertaining to social and economic policy
- Consider all proposed labour legislation relating to labour market policy before it is introduced in Parliament
- Encourage and promote the formulation of coordinated policy on social and economic matters
- Consider all significant changes to social and economic policy before it is implemented or introduced in Parliament
- Consider Social Economic Disputes in terms of Section 77 of the Labour Relations Act.
National Economic Development and Labour Council (NEDLAC) http://nedlac.org.za/