Today's Labour News

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sadtu90The Star reports that the SA Democratic Teachers’ Union (Sadtu) has warned that labour federation Cosatu’s plan to financially assist Eskom with public servants’ pension funds will not go ahead before workers have been adequately consulted.  

This was indicated after Cosatu advocated that pension monies of government workers held by the Public Investment Corporation (PIC) be used to relieve the embattled power utility of some R250bn of its R450 billion debt.  Sadtu, one of Cosatu’s biggest affiliates, dismissed the characterisation of the proposed financial injection as a bailout, saying it was rather an investment proposal. General secretary Mugwena Maluleke said workers would, however, have to be consulted before any move was made.  He added that Sadtu was supportive of efforts to save Eskom from collapse as that could result in its privatisation, retrenchments and a hike in electricity prices, which would ultimately have an adverse impact on workers and poor communities.  Other labour federations have not warmed up to the proposal.  Fedusa indicated last month that while it supported efforts to save Eskom, it rejected doing so with the pension funds of public servants.  On Monday, the SA Federation of Trade Unions’ (Saftu’s) general secretary Zwelinzima Vavi said the federation had not yet resolved on whether to back the proposal or not.

  • Read the full original of the report in the above regard by Siviwe Feketha on page 1 of The Star of 10 March 2020

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