BusinessLive reports that the Federation of Unions of SA (Fedusa) on Friday fired Dennis George, the longest-serving leader of a SA trade union body, after more than 20 years at the helm of the organisation.  

Fedusa dismissed George, its former general secretary, saying he was guilty of serious misconduct with respect to his private investment in controversial Ayo Technology Solutions.  Fedusa president Masale Selematsela said their national executive council unanimously agreed to dismiss George after an independent investigation into the relationship between his private company, Difeme Holdings, and Ayo, and Ayo’s listing on the JSE.  Fedusa had hired an investigating body to determine if there had been a conflict of interest in Difeme’s investment in Ayo.  It reportedly found that Difeme received shares in Ayo for R1.50 a share prior to its listing, while the Public Investment Corporation (PIC) paid R43 a share.  Thousands of the federation’s members are employed in the public service and so are affected by the PIC’s investment decisions.  George said he would not fight his dismissal, given that he was nearing retirement age.

• Read the full original of Alistair Anderson’s report on this story at BusinessLive

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