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BusinessLive reports that the medical schemes regulator is backing the curator of Samwumed as he prepares to put the scheme back in the control of elected trustees by the end of August.
This is despite the situation that a number of the scheme’s trustees will be appointed by the SA Municipal Workers’ Union (Samwu), which is facing even bigger problems than those that led to the scheme being put under curatorship in the first place. Joe Seloane, curator of Samwumed, and Sipho Kabane, registrar of medical schemes, said last week the scheme was financially and operationally sound and would be ready for trustee elections by the end of August. But, Samwu is reportedly facing an application made by the labour registrar to the Labour Court asking that the union be put under administration for failure to comply with financial accounting laws. Mfana Maswanganyi, a senior investigator at the council, said the council was monitoring developments at the union and if the union was put under administration, its curator would appoint the scheme’s union-member trustees. Seloane said with member approval he would apply for an amendment to the scheme’s rules to reduce the 19-member board of trustees to 12, made up of five union-appointed trustees, five member-elected trustees, one independent trustee and one pensioner representative.
- Read the full original of Laura du Preez’s report in the above regard at BusinessLive
Get other news reports at the SA Labour News home page