Browsing All posts tagged under »PSA«

Chinese loans: let’s have the facts

August 4, 2018

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There have been ecstatic announcements from the SA government about money apparently pouring in from China. But these are loans, denominated in US dollars. They have to be paid back, with interest, so why is the government not making clear what the terms are. And that might include what collateral has been offered.

Austerity, democracy & wishful thinking

June 12, 2018

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A united, fully democratic trade union movement, supported by the mass of workers, may be the only way to bring about desperately needed and radical political, economic and social transformation. However, in the present circumstances, does this amount to wishful thinking?

Too much murk in dealings by the PIC

May 27, 2018

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Are Cosatu-affiliated trade union investment companies, under the umbrella of Cosatu Investments, in line to be helped by Pubic Investment Corporation (PIC) to a R15 billion debt funded share deal? It's an important question following the disclosure of slide presentation featuring an apparently unlisted Rothe Consortium headed by "Cosatu Investments" and involving R15bn in Vodacom shares.

SA union challenge to govt investment body

May 25, 2018

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South Africa's Public Investment Corporation (PIC), the government-owned manager of nearly R2 trillion of public sector workers’ pension funds has until month end to “come clean” or face formal legal action. A "can of worms" may be opened, but another chapter in a long running saga seems about to begin.

Labour pickets at the ‘sport of kings’

January 28, 2018

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Trade union pickets — for the first time in a 134-year history — confronted the fashionistas and glitterati who turned up for one of the premier events in the South African horse racing calendar, the Cape — now Sun — Met in Cape Town. But, so far, there has been little response to this action at the annual his mink and manure fiesta.

Unions challenge govt — and the opposition

March 9, 2012

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The mass strike in South Africa on Wednesday, March 9, was only nominally about e-tolling on public roads and the problem of labour brokers. It was, in fact, a challenge to both the government and the parliamentary opposition who both support a system that allows for road tolls and creates an environment in which unscrupulous labour brokers can thrive.

A critical — largely ignored — wage battle looms

April 22, 2011

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South Africa's annual battle over wages and conditions has this year been all but obscured by reports of political infighting focussed largely on the May 18 local government elections. Troubling news from Swaziland, Libya and Côte d’Ivoire has also tended to push this yearly tussle between bosses and unions into the background. Yet the 2011 wage round is arguably more critical than any in recent years — and will almost certainly have a direct bearing on the outcome of the May 18 poll.