Today's Labour News

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cosatuBusinessLive reports that the debt accumulated by Cosatu affiliates in unpaid subscriptions accounted for 41% of the federation’s expected total income in 2017 at over R45m.  

The figures, contained in Cosatu’s finance report to be tabled before its national congress in Midrand this week, paint a bleak picture of the finances of the trade union federation.  Cosatu generates its income and sustains its operations primarily through affiliation fees.  Payment of salaries to staff accounted for 30% of the total budget in 2017.  In the same year, the federation expected R74m in affiliation fees and received just above half of the amount.  During his final speech to delegates at the congress, outgoing Cosatu president Sdumo Dlamini berated union leaders for hogging money that belonged to workers, negatively affecting the campaigns of the organisation.  Cosatu general secretary Bheki Ntshalintshali recently indicated that had it not been for nonpayment by members, Cosatu would have a yearly budget surplus.  The income shortfall was 16% in 2015 and 30% in 2016.  The finance report also notes that the federation’s assets have remained at a "constant decline due to depreciation and no acquisition of assets".  Cosatu received over R20m in donations in 2017.

  • Read this report by Theto Mahlakoana in full at BusinessLive

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