Today's Labour News

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picBusinessLive reports that Nehawu and the PSA are at loggerheads with their mother bodies over the Public Investment Corporation’s (PIC’s) decision to advance R5bn to Eskom.  

While federations Cosatu and the Federation of Unions of SA (Fedusa) supported the move, Nehawu (National Education Health and Allied Workers’ Union – a Cosatu affiliate ) and the PSA (Public Servants Association – a Fedusa affiliate) were opposed to it, fearing it would set the tone for other state-owned companies experiencing cash flow problems as a result of mismanagement and corruption.  The PIC and the Government Employees Pension Fund (GEPF) announced on Monday that they would advance the funds to Eskom for operational costs until the end of March.  Public sector unions and their federations had at the end of 2017 started talks on how to form a united front to protect workers’ pensions that are managed by the GEPF and invested by the PIC.  They also complained about not being consulted about the Eskom loan, although the PIC has since apologised for the oversight.  Cosatu argued that there was a bigger picture to take into consideration as Eskom was critical to the economy.  Cosatu’s Sizwe Pamla commented that they understood the individual unions had to look after their members’ interests while their remit was much broader.  The PSA, which forced Fedusa to retract a supportive statement it issued on Monday, accused Cosatu of "playing politics"

  • Read this report by Theto Mahlakoana in full at BusinessLive
  • Read too, Why are trade unions peeved by the PIC’s bailout of Eskom? at Moneyweb


Get other news reports at the SA Labour News home page