Today's Labour News

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FoskorNews24 reports that a senior procurement executive at fertiliser and chemicals producer Foskor was killed in broad daylight in Meerensee, Richards Bay, on Monday in a suspected hit.

Police spokesperson Colonel Robert Netshiunda said officers responded to reports of a shooting in the suburb and found a 50-year-old man dead inside his vehicle. He had sustained multiple gunshot wounds. Netshiunda said the unknown gunmen had used rifles before fleeing in a silver Hyundai iX35. The motive for the murder is not yet known. Three years ago, Nico Swart, Richards Bay Minerals (RBM) general manager for operational services, was also killed in a hail of bullets in the same suburb. RBM employees had reportedly become targets for angry communities which were disgruntled by the company wanting to remove local traditional chiefs as beneficiaries of the trusts established in its 2009 black economic empowerment (BEE) transaction. RBM had sought to find other ways to benefit traditional leaders and their families rather than an automatic share of the dividends. RBM had also wanted the amakhosi, political office bearers and municipal councillors to be barred from serving as trustees on the four trusts established as part of the deal.

  • Read the full original of the report in the above regard by Cebelihle Bhengu at News24

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