Today's Labour News

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psaNews24 reports that the Public Servants Association (PSA) said this week it planned to continue with legal action against Finance Minister Malusi Gigaba to protect the pension investments of public servants.  

This will be despite a letter from Gigaba asking for a meeting in January with union leaders over the matter.  Gigaba’s continued failure to respond to the substance of the union’s demands left it with no other option, the union said in a statement.  The PSA indicated that it had requested the minister in three separate letters to engage with labour about the management of public servants’ pension monies in the Government Employees’ Pension Fund (GEPF) as invested through the Public Investments Corporation (PIC).  But over the past three months the minister had simply ignored the correspondence.  This compelled the PSA’s attorneys to issue a letter of compliance to the minister at the end of November.  The minister’s reply indicated that a meeting with the union would be scheduled during the third week of January 2018, but it did not address the specific issues raised by the PSA.  The PIC board is appointed by the finance minister.

  • Read this report by Yolandi Groenewald in full at Fin24

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