Dlamini: Cosatu finance problems due to ‘bad decisions’

2015-03-05 14:01

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Cosatu president S’dumo Dlamini has blamed the current state of the labour federation’s finances on “bad decisions” on the buying of a new building.

Speaking at a press conference following Cosatu’s recent central executive committee meeting, Dlamini denied that Cosatu’s financial woes came as a result of the expulsion of the National Union of Metalworkers, which was one of the federation’s biggest contributors.

“We have been in the same position ... for a long time, not because of Numsa. It is because of bad decisions taken on the buying of a new building. We cannot turn a blind eye; we have to look at it,” said Dlamini.

Cosatu has blamed this on general secretary Zwelinzima Vavi and has claimed that the decision was made irregularly.

Cosatu has admitted that its budget shortfall is R5 million, more than the expected R4 million that Business Day reported on today. The newspaper reported that Cosatu's income was set to fall from R82 million last year to R74 million.

Deputy general secretary Bheki Ntshalintshali said the general secretaries of Cosatu’s affiliates will meet next week to discuss how to solve the labour federation’s financial woes.

“This will include looking at our investment companies,” he said.

It was reported today that the central executive committee discussed belt-tightening measures to save money – for example, using WhatsApp and Skype instead of phone calls and cutting the allowance of $100 a day in half for overseas travel.

Ntshalintshali said the labour federation’s cash crisis won’t affect the planned congresses.

He announced that Cosatu would be calling a special national congress in July as requested by unions sympathetic to Vavi, but the unions have asked for a notice to be issued before ending their court action in this regard.

Cosatu is also set to have its regular national elective congress in September.

Dlamini at the press conference also called for the unions that boycotted this week’s meeting to “come back to their real home – Cosatu”.

He said: “We love them, we want them inside. That is where they belong.”

Dlamini said that, contrary to reports, only five unions out of the 17 stayed away from the central executive committee this week.

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