When herd behaviour is used for selfishness, all you’re left with is a smug sense of entitlement, writes Charlene Naidoo.
Mostly sunny. Cool.
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.
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 has slammed remarks by ANC spokesperson Pule Mabe that pension funds could be used to provide financial support to small businesses and start-ups.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
President says his drive to turn the economy around will be protracted.
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.
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.
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.
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.
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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