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The Star reports that labour federation Cosatu is consulting with its affiliates regarding attempts to remove Public Investment Corporation (PIC) boss Dan Matjila, as the fight for control of the crucial funding institution intensifies.
On Sunday, Cosatu spokesperson Sizwe Pamla said the federation wanted to consolidate a response to the developments at the PIC, which manages public funds and assets. “We want them to respond to what is going on as a bloc, meaning they have to get more information from the Government Employees Pension Fund and the PIC to respond on these issues,” Pamla said. On Thursday, the Public Servants Association (PSA) threw its weight behind Finance Minister Nhlanhla Nene in what the union called political interference in the PIC’s affairs. This came as Nene moved to block a court bid by the United Democratic Movement (UDM) to force him to suspend Matjila over allegations of funding some businessmen without approval of the board, among others. In his answering affidavit, Nene said the PIC matter did not need the attention of the courts, as due process was currently under way to address the allegations. On Thursday, the PSA’s Tahir Maepa said the attacks on the PIC, including calls for the freezing of investments pending the appointment of union representatives onto its board, ran the risk of the PIC losing its integrity and independence.
- Read this report by Siviwe Feketha at IOL News
- Read too, Trade union springs to PIC CEO Dan Matjila's defence, at Fin24
- And also, Public Servants Association says attacks on PIC viewed as political interference, at Business Report
Get other news reports at the SA Labour News home page