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.

psaBusinessLive reports that the Public Servants Association (PSA) has withdrawn its protest threat after receiving an assurance that Markus Jooste’s horses will not be not running in this weekend’s Durban July.  

It simultaneously discovered that none of his horses were currently registered.  The union had last week sent letters to the regulating body‚ the National Horseracing Authority‚ and Vodacom, the race’s main sponsor‚ demanding the exclusion of the former Steinhoff CEO’s horses from the event‚ "which could earn him millions should horses registered in his colours partake in the race".  Jooste resigned as Steinhoff CEO amid serious questions about accounting practices at the company, which led to the retail giant’s share price being decimated.  To the union’s chagrin, public servants’ pensions were invested in Steinhoff through the Public Investment Corporation (PIC) on behalf of the Government Employees Pension Fund (GEPF).


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