20°C / 22°C
  • Mon
  • 29°C
  • 12°C
  • Tue
  • 30°C
  • 11°C
  • Wed
  • 30°C
  • 13°C
  • Thu
  • 29°C
  • 14°C
  • Fri
  • 28°C
  • 12°C
  • Sat
  • 28°C
  • 14°C
  • Mon
  • 19°C
  • 12°C
  • Tue
  • 21°C
  • 12°C
  • Wed
  • 24°C
  • 13°C
  • Thu
  • 28°C
  • 16°C
  • Fri
  • 20°C
  • 14°C
  • Sat
  • 18°C
  • 13°C
  • Mon
  • 31°C
  • 13°C
  • Tue
  • 32°C
  • 14°C
  • Wed
  • 32°C
  • 15°C
  • Thu
  • 31°C
  • 16°C
  • Fri
  • 30°C
  • 14°C
  • Sat
  • 30°C
  • 14°C
  • Mon
  • 30°C
  • 8°C
  • Tue
  • 31°C
  • 11°C
  • Wed
  • 32°C
  • 15°C
  • Thu
  • 32°C
  • 15°C
  • Fri
  • 30°C
  • 14°C
  • Sat
  • 31°C
  • 14°C
  • Mon
  • 25°C
  • 16°C
  • Tue
  • 24°C
  • 18°C
  • Wed
  • 24°C
  • 18°C
  • Thu
  • 24°C
  • 20°C
  • Fri
  • 26°C
  • 19°C
  • Sat
  • 25°C
  • 19°C
  • Mon
  • 20°C
  • 14°C
  • Tue
  • 20°C
  • 13°C
  • Wed
  • 21°C
  • 14°C
  • Thu
  • 21°C
  • 15°C
  • Fri
  • 27°C
  • 17°C
  • Sat
  • 19°C
  • 13°C
  • Mon
  • 22°C
  • 12°C
  • Tue
  • 24°C
  • 12°C
  • Wed
  • 27°C
  • 12°C
  • Thu
  • 32°C
  • 16°C
  • Fri
  • 22°C
  • 13°C
  • Sat
  • 16°C
  • 9°C
  • Mon
  • 19°C
  • 13°C
  • Tue
  • 20°C
  • 13°C
  • Wed
  • 22°C
  • 15°C
  • Thu
  • 29°C
  • 17°C
  • Fri
  • 20°C
  • 14°C
  • Sat
  • 15°C
  • 12°C
  • Mon
  • 31°C
  • 14°C
  • Tue
  • 33°C
  • 14°C
  • Wed
  • 33°C
  • 15°C
  • Thu
  • 33°C
  • 17°C
  • Fri
  • 31°C
  • 14°C
  • Sat
  • 31°C
  • 15°C
  • Mon
  • 30°C
  • 10°C
  • Tue
  • 32°C
  • 12°C
  • Wed
  • 33°C
  • 15°C
  • Thu
  • 32°C
  • 15°C
  • Fri
  • 31°C
  • 16°C
  • Sat
  • 31°C
  • 15°C
  • Mon
  • 27°C
  • 15°C
  • Tue
  • 30°C
  • 12°C
  • Wed
  • 33°C
  • 12°C
  • Thu
  • 27°C
  • 13°C
  • Fri
  • 28°C
  • 13°C
  • Sat
  • 31°C
  • 12°C
  • Mon
  • 20°C
  • 12°C
  • Tue
  • 20°C
  • 12°C
  • Wed
  • 22°C
  • 13°C
  • Thu
  • 28°C
  • 13°C
  • Fri
  • 27°C
  • 15°C
  • Sat
  • 20°C
  • 11°C

Cosatu aware of covert attempts 'to kill' PIC Amendment Bill

The trades union federation says it’s concerned about behind the scenes efforts to scupper the bill, which is aimed at strengthening governance, accountability and transparency in the dealings of the PIC.

Cosatu's members marched on Parliament on 19 February 2019 amid concerns over potential job cuts at state entities, like Eskom. Picture: Cindy Archillies/EWN

CAPE TOWN - Cosatu says it wants the Public Investment Corporation (PIC) Amendment Bill dealt with by the National Council of Provinces (NCOP) before it rises at the end of March ahead of the May elections.

The trades union federation says it is concerned about behind the scenes efforts to scupper the bill, which is aimed at strengthening governance, accountability and transparency in the dealings of the PIC.

The National Assembly approved the bill on Tuesday and it must now get the green light from the NCOP before it can be signed into law by President Cyril Ramaphosa.

Cosatu says the amendment Bill is badly needed, given what’s being exposed at the judicial inquiry into the PIC headed by retired Judge Lex Mpati.

But the federation’s Matthew Parks says it’s aware of covert attempts to kill the bill.

"We know there are powerful individuals with vested interests in the PIC who are seeking to collapse the bill, and Cosatu will stop at nothing to stop them."

Parks did not name the individuals.

The DA and some other opposition parties opposed the bill, with the DA claiming it paves the way for pension funds to be compelled to invest in prescribed asset projects, aimed at social and economic development.

Parks says the National Council of Provinces must deal with the bill before it rises on 28 March and that Ramaphosa must then swiftly sign it into law.

(Edited by Shimoney Regter)

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus