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.

DiscoveryThe Citizen reports that medical aid members have been left fuming following reports on Discovery’s plan to distribute, as detailed in its annual report, the large profit it made in the last financial year.  

According to Business Report, Discovery’s remuneration committee recently approved R336.6 million in bonus payments for the directors as well as incentives for management after the money in the bonus pool rose by 33% over the previous financial year.  The bonuses will be divided as follows:  R15.8 million to be shared among seven directors; R265 million to be shared among 1,134 managers; and 203 people to share the remaining R85.1 million.  The annual report also revealed that chief executive Adrian Gore took home R19.8 million in the year, including a performance bonus of R7.7 million.  Former aide to Nelson Mandela Zelda la Grange shared the report on Twitter and expressed her outrage at her treatment at the hands of the medical aid scheme.  She was told her that her chronic allowance was depleted and that she must pay the last two months out of her own pocket despite having paid upwards of R5,000 to the scheme on a monthly basis.  La Grange’s tweet was met with a barrage of complaints in a similar vein from fellow members.

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