Today's Labour News

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fedusa thumb medium80 85Fin24 reports that the future of Dennis George, suspended general secretary of the Federation of Unions of SA (Fedusa), will be decided this week.  

A two-day disciplinary hearing at the union federation’s headquarters was concluded on Friday.  The recommendation of the disciplinary hearing will be passed on to the Fedusa executive and a final decision about George’s future will be made when the executive meets on Thursday.  The matter initially concerned the decision by George, without prior permission, to establish a company to purchase shares in the controversial AYO Technology Solutions company.  Permission was then retroactively granted.  However, subsequent media reports revealed that George had established a company, Difeme, which had bought 11 million shares in AYO at a heavily discounted price.  This action resulted in the Fedusa executive suspending George.  He claimed to have bought the shares on behalf of the federation and was "warehousing" them until Fedusa made a decision to establish an investment company into which the shares would be transferred.  George also faced charges of bringing the federation into disrepute for using social media to promote both AYO and controversial businessman Iqbal Survé, who is associated with AYO.

  • Read the full original of Terry Bell’s report on the above story at Fin24


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