Union meets with state asset manager the PIC about its investments

2018-04-23 14:19

Public sector union the PSA is meeting with the Public Investment Corporation on behalf of its more than 230 000 members to demand details of several controversial investments made in recent years.

Eskom to pay back R5bn PIC loan, as union vows 'never again'

2018-03-01 05:30

Eskom has confirmed that the R5bn short-term loan it received from the Public Investment Corporation will be paid back on Thursday.

PIC: Eskom loan in the best interests of SA economy

2018-02-13 21:00

The PIC has again hit back at criticism of its recent R5bn loan to Eskom, saying if it did not extend the loan the power utility risked a default that would have "collapsed the domestic economy".

Gigaba to meet PSA after court ultimatum

2018-02-09 20:11

Finance Minister Malusi Gigaba has agreed to meet with the Public Servants Association to discuss its concerns over the investment of pension money.

Steinhoff files show Jooste 'repeatedly lied' to investors and regulators - PSA

2018-01-26 12:53

The Public Servants Association says a preliminary review of documents shows Steinhoff ex-CEO Markus Jooste repeatedly provided assurances in reports that the group's financial health was sound.

PSA wants to join class action case against Steinhoff

2018-01-25 16:48

The Public Servants Association says it wants to recoup money the Public Investment Corporation had invested in Steinhoff via state employee pension funds.

Our fight is not with Sun Met, but against Markus Jooste - union

2018-01-24 16:38

The Public Servants Association says that while a protest is set to take place at the race, it would be a broad “solidarity protest” against Markus Jooste, and not against the race itself.

Steinhoff hands over 15 years of financial records to unions

2018-01-19 12:49

Steinhoff has agreed to allow the Federation of Unions of South Africa and the Public Servants Association access to financials as far back as 2002.

Markus Jooste connection places Sun Met in protest firing line

2018-01-04 12:26

The Public Servants Association says it plans to protest the upcoming Sun Met horse race, as it believes horses co-owned by disgraced former Steinhoff CEO Markus Jooste will take part.

Largest public sector trade union moves to interdict PIC

2017-11-03 18:04

The PSA, SA's largest public sector trade union, is seeking legal advice to interdict the annual general meeting of the government-owned Public Investment Corporation.

 

Unions tone down threats of public sector strike

2018-04-13 18:27

The Public Service Association is upbeat that the stalled civil service wage negotiations will gain momentum, following an urgent meeting with the Minister of Public Service and Administration.

Union says it's happy with Capitec after Viceroy report

2018-02-16 16:11

The trade union met this week with senior Capitec management to discuss issues raised in Viceroy Research's negative report on the health of the bank's loan book.

R5bn Eskom loan is smart investment, argues PIC

2018-02-12 16:05

The Public Investment Corporation, in a letter to a parliamentary committee, has argued that its recent R5bn loan to Eskom will be paid back with an above-market interest rate.

Public servants union gives Gigaba Monday ultimatum on PIC demands

2018-02-09 07:18

The Public Servants Association says it is determined to “liberate” the Public Investment Corporation from the “clutches of determined looters”.

Inside Labour: Jooste, Sun Met and union pickets

2018-01-26 06:00

Unions can - and should - play a vital role in challenging a system that encourages profiteering and allows the rich and powerful to bribe state organs to do their bidding, says Terry Bell.

PSA won't disrupt Sun Met, but Cosatu may over Jooste

2018-01-25 14:20

While the Public Servants Association says it won't disrupt the upcoming Sun Met horse race, Cosatu in the Western Cape is set to picket at the gates of Kenilworth Racecourse.

WATCH: Call to widen Sun Met boycott over Jooste's horses

2018-01-19 16:08

The Public Servants Association is adamant that civil society should join the boycott against the Sun Met, as Markus Jooste's horses will still be part of the race.

Union calls for 'speedy arrest' of magistrate’s killers

2018-01-12 16:53

The murder of Magistrate Victor Mabunda in Bronkhorstspruit should be thoroughly investigated and the suspects "speedily arrested", the Public Servants Association of South Africa says.

Union wants Markus Jooste banned from Cape Town horse race

2017-12-09 13:15

Public Servants Association has asked the organisers of a Cape Town horse race to ban former Steinhoff CEO Markus Jooste from entering his animals into the competition.

PSA completes Opel takeover ahead of schedule

2017-08-01 11:37

French automaker PSA said it had completed, ahead of schedule, the takeover of rival brands Opel and Vauxhall which makes the group Europe's second-biggest carmaker after Volkswagen.

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