This 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.
News24 reports that Oakbay Investments has written to government to plead for an intervention following the closure of the company’s bank accounts and the withdrawal of shareholders, the Guptas and President Jacob Zuma's son Duduzane, from the company.
In an interview with CNN, chief executive of Oakbay Investments, Nazeem Howa said he had on Friday morning written to several ministries and that the appeal “was really on behalf of our staff because they have put heart and soul into our business and it is really not fair that an attack on us and our shareholder should affect [them]." Howa said the company could have the difficulty of paying around 4,500 of its staff after the company's auditor KPMG, their banks FNB and Absa and their sponsor Sasfin Capital all cut ties with the Guptas in March. His concern was in respect of the staff and their families, which could number up to 60,000 or 70,000 people.
Get other news reports at the SA Labour News home page