BusinessLive reports that the Public Service Association (PSA) says it is pushing ahead with its planned court action against Finance Minister Malusi Gigaba over requested disclosures on the board appointment processes at the Public Investment Corporation (PIC).  

This is despite Gigaba having replied by letter to the trade union’s request for explanations on the application of the Public Investment Corporation Act when appointing board members.  Gigaba wrote of his plans to meet public sector trade unions in January to discuss the governance issues at the PIC.  But, PSA’s deputy general manager, Tahir Maepa, said the response by Gigaba did not tackle the specific issues raised in the letter of demand sent to him last week.  Should the court action be launched next week as threatened by the PSA, Gigaba could find himself up against a number of public sector unions that have, according to Maepa, expressed interest in joining the PSA’s litigation.  Public sector unions are currently seeking ways to protect workers’ pension funds in light of fears the Treasury could use them for other purposes, including the bail-out of struggling state-owned companies.

• Read this report by Theto Mahlakoana in full at BusinessLive

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