This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
Bloomberg News reports that Dubai’s DSA Investments is considering forming a venture with the National Education, Health and Allied Workers’ Union (Nehawu) to bid for coal assets that Glencore was pressured into selling to a company controlled by the politically-connected Gupta family in 2015.
The talks have not been publicly announced, but the venture would apparently be between Orchid Mining, a unit of DSA, and Nehawu Investment Holdings, which invests funds on behalf of Nehawu. The proposed venture could target the coal assets of Tegeta Exploration & Resources, which was placed under administration last year. Tegeta, which was owned by the Gupta family and a son of former president Jacob Zuma, became embroiled in controversy because of corruption allegations around its supply contracts with power utility Eskom. Its assets include the Optimum coal mine, the Koornfontein colliery and a share in Richards Bay Coal Terminal, which allows it to export coal. DSA apparently manages assets worth more than $10bn. Nehawu Investment has assets worth more than R3bn, according to its website.
- Read the full original of the report by Antony Sguazzin and Archana Narayanan on the above at Fin24
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