The Citizen reports that as government embarks on a fishing expedition to raise funds to bail out SAA, the trade union movement is still uneasy about the use of workers’ pension funds at the Public Investment Corporation (PIC) to further shore up the airline.  

The latest to enter the fray is the Information Communication and Technology Union (ICTU), which on Wednesday opposed the PIC’s possible buyout of government’s stake in Telkom.  The union feared it could result in more job losses at the already bleeding partly state-owned telecommunication enterprise.  ICTU, an affiliate of the SA Federation of Trade Unions (Saftu), has joined other unions from both Saftu and rival federation Cosatu that have expressed opposition to the use of workers’ pension funds to prop up SAA with bailouts.

• Read this report by Eric Naki in full at The Citizen
• Read too, SACP 'worried' Guptas are coming for PIC, at EWN

Get other news reports at the SA Labour News home page