R30bn UIF lifeline for workers hit by coronavirus crackdown

2020-03-24 18:23

An amount of R30 billion has been allocated to a special National Disaster Benefit Fund, which will pay UIF to qualifying workers for up to three months.

'A strike doesn't mean a march': Cosatu on Nehawu action as union says it is marching

2020-03-18 18:09

Trade union federation Cosatu has labelled those concerned about a planned strike by the National Education, Health and Allied Workers' Union at the end of March as disingenuous.

Cosatu: Pensions shouldn't be a 'piggy bank' for ANC's failed economic policies

2020-03-07 11:00

Cosatu has slammed remarks by ANC spokesperson Pule Mabe that pension funds could be used to provide financial support to small businesses and start-ups.

Cosatu: Debt relief for Eskom should not compromise investment, pension funds

2020-03-05 15:20

Any investments used to support the development of the State, should not undermine financial integrity, investment mandates or the sustainability of investment and pension funds, says a Cosatu spokesperson.

Mbhazima Shilowa: Mr President, don't let the current crisis with unions go to waste

2020-03-05 06:00

Why is it that MPs across the aisle have agreed it is time for the public sector and the government to compromise in the interest of the country, but have not made the call to slash their current salaries, writes Mbhazima Shilowa.

Cosatu affiliates call out Ramaphosa for not advancing pro-poor agenda

2020-03-03 17:43

President Cyril Ramaphosa is on the verge of losing some of his powerful allies within the trade union federation Cosatu after coming out in defence of Finance Minister Tito Mboweni's recent budget speech.

Cosatu expects its Eskom plan to be completed within weeks

2020-03-03 12:23

The Congress of South African Trade Unions expects a plan that it’s proposing to save Eskom from its debt burden to be ready within weeks, said the labour federation’s parliamentary coordinator.

OPINION | SA is nearing an economic abyss and we must admit we are in a crisis

2020-02-28 16:15

Basically in a space of eight months the economic and fiscal policy outlook of South Africa had turned for the worst in a way that government was unable to contain. Are we in free-fall or are we directing the pace of decline? writes Lukhona Mnguni.

ANALYSIS | Mboweni vs Unions: 'We are in a huge crisis, we have to find each other.'

2020-02-28 06:00

What particularly angers Cosatu is that after a few informal ‘talks about talks’, they were met with one-two punch this week, writes Jan Cronje.

Gordhan: Labour, government must compromise on public sector standoff

2020-02-27 17:27

Public Enterprises Minister Pravin Gordhan has said government and labour will have to work diligently to seek a compromise if they are to realise government's proposal to reduce the public service wage bill by R160.2 billion in a sustainable manner.


Govt considering ‘National Disaster Benefit’ fund to pay workers compensation - Cosatu

2020-03-23 22:09

The fund would pay out workers at a flat rate of R3 500 rand a month, according to a proposal seen by Bloomberg and confirmed by the Congress of South African Trade Unions.

If unemployment fund is used for coronavirus, bail out people, not business - economist

2020-03-17 14:32

While the roughly R180 billion Unemployment Insurance Fund savings could be a useful mechanism to assist during the coronavirus outbreak, it should be used to help people, not businesses, says economist Mike Schussler.

Ramaphosa shouldn't give 'airtime' to pension funds bailing out Eskom - financial expert

2020-03-06 17:18

Forcing pension funds in SA to invest in state-owned entities that could have poor governance structures would lead to sub-optimal returns for vulnerable pensioners, a financial expert tells Fin24.

Mpumelelo Mkhabela: Unions should be allocated seats on the boards of SOEs

2020-03-05 10:17

The old Marx-inspired idea that the only thing workers have is their labour is not applicable in the modern era where workers have the real prospects of making a positive difference by contributing ideas, writes Mpumelelo Mkhabela.

Fixing South Africa’s economy a long, hard haul, Ramaphosa says

2020-03-04 08:55

President says his drive to turn the economy around will be protracted.

Pension funds shouldn’t be 'fearful' of Eskom - Ramaphosa

2020-03-03 15:43

President Cyril Ramaphosa has given the strongest indication yet that the savings of pension funds will be used to bail out Eskom’s debt obligations.

Unions not on board with public sector wage proposal at Nedlac

2020-03-02 19:48

Public sector unions met government and business leaders at Nedlac on Monday and made it clear that they will not be reopening this year’s wage discussions or negotiating lower wage increases.

ANALYSIS: Mboweni’s 2020 Budget speech draws the battle lines

2020-02-28 06:00

With the economy on its knees, government’s latest budget speech expects unionised labour to share the pain. If history is a guide, the plan is unlikely to yield the desired results, writes Sean Gossel.

Budget 2020: Cosatu says it will not remain silent while public servants' rights are undermined

2020-02-27 17:57

Trade union federation Cosatu is calling on its alliance partner, the ANC, to intervene in National Treasury's plan to review the public sector wage bill agreement.

Cosatu: Mboweni not competent to talk about public wage bill cuts

2020-02-27 16:12

The public sector wage bill is not bloated and it is "irresponsible" of Finance Minister Tito Mboweni to announce a plan to address the issue when there is a bargaining process in place to address such matters, Cosatu said on Thursday.

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