Today's Labour News

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newsBusinessLive reports that patience is wearing thin among workers and suppliers at the embattled Shiva Uranium, which has been plunged into limbo as it awaits a decision by the Companies Tribunal.  

In October, a dispute arose over the appointment of two new business rescue practitioners to Shiva.  Christopher Monyela, who had been appointed as a practitioner in June, raised the matter with the Companies and Intellectual Property Commission (CIPC), and the matter was taken to the Companies Tribunal where it was heard on 25 October.  Shiva and eight other Gupta-associated entities were put into business rescue in February, when they lost their banking facilities.  In July, Shiva operations were closed and workers have received no income since.  Workers are growing frustrated.  Shiva worker Tumi Matosela said:  “We still haven’t been paid, we are worried will we ever be paid, or what?  Mr Monyela is taking this to court and its delaying the process.”  Monyela said informal talks had begun over retrenching the workforce as an interim solution so that they could claim from the Unemployment Insurance Fund.  Once Shiva is sold, the employees would have first right of refusal to work for the new owner.  But, this cannot be enacted until the tribunal process is concluded.

  • Read the full original report by Lisa Steyn at BusinessLive


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