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.
Fin24 reports that Economic Development Minister Ebrahim Patel announced on Thursday that government would be looking to creating opportunities for workers to participate as shareholders in companies and having representatives on company boards.
Delivering his budget speech, Patel said: "We must build our own economic co-determination model in which workers and investors cooperate in growing the economy, creating more jobs and ensuring that the wealth generated in the economy is more fairly and equitably distributed.” He went on to state: “High levels of economic concentration and racially-skewed ownership profiles stunt economic growth, prevent entry of new players, reduce consumer choice, limit the levels of innovation and dynamism in the economy and feed a growing resentment among black South Africans of the failure to realise the vision of the Constitution.”
- Read this report by Liesl Peyper in full at Fin24
- See too, Patel: Werkers moet aandele kry, at Netwerk24 (limit on access)
Get other news reports at the SA Labour News home page