Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

picCity Press reports that unions have warned Finance Minister Malusi Gigaba and his deputy Sfiso Buthelezi to keep their hands off civil servants’ pensions.  

Also, one of the resolutions the SA Democratic Teachers’ Union (Sadtu) took during a four-day national general council last week was that it wanted a say in how the Public Investment Corporation (PIC) manages the pensions of its members.  Sadtu general secretary Mugwena Maluleke commented that this had been based on a demand that the PIC “must not be Guptarised”.  He added:  “We are going to expose and fight any attempt to touch the money of the PIC, even if we have to embark on industrial action to protect the savings of the workers that are invested by the PIC.”  In a statement on Saturday the Federation of Unions of SA (Fedusa) accused Gigaba of launching a “fresh assault” on the PIC and its chief executive officer, Dan Matjila.  The statement came after Gigaba’s announcement on Friday that he had written to Matjila and the PIC board asking for a list of its beneficiaries and investments within two weeks.  In addition, he wants a forensic investigation into “any concerns of irregularities” at the state asset manager.  The PIC, which Buthelezi chairs, controls R1.67 trillion of the Government Employees’ Pension Fund (GEPF).

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