ANC: Pension funds should also be used to invest in small businesses
The ANC national spokesperson Pule Mabe told the Black Business Council summit on Thursday that the funding gap for emerging enterprises could be filled by pensions.
EFF welcomes Gauteng govt's move to place Tshwane under administration
Gauteng Premier David Makhura said the municipality was currently incapable of fulfilling its constitutional obligations with no mayor and municipal manager, while council has failed to convene for some time.
Malema: Black business is ‘too comfy’ managing ‘white economy’
The EFF leader challenged black business people to disrupt the status quo if a transformed and inclusive economy was to be achieved.
ANC calls for mobilising workers’ capital to support economic transformation
The ANC's Pule Mabe has suggested that pension funds should be targeted for small to medium business funding and investment in developmental projects.
CCMA says it’s saved 41% of jobs in the last 5 years
The dispute resolution agency has reported back on its past performance during the unveiling of its new strategy, which is aimed at enhancing labour market stability among other priorities.
Labour unions prepare to present alternative plans to save SAA
In its plan, Satawu, which represents workers at SAA Technical, proposes that the airline should explore equity partnerships, which must include employee cooperatives.
Workers not responsible for cleaning up govt's Eskom mess - Solidarity
The organisation has told Eyewitness News that it is waiting on the scheme, which was earmarked at investing R250 billion into Eskom to be adopted before heading to court to challenge it.
Solidarity ready to challenge Nedlac plan to have PIC save Eskom
The union has described the plan as irrational and immoral, stating that Eskom was a too high risk to invest in.
Ramaphosa accused of throwing public service workers under the bus
Although government stressed that the cuts in the public service were among many other measures to curb public spending, unions representing civil society workers felt targeted.
Report on Eskom rescue plan to be finalised by end of March - Presidency
This follows a meeting between government, labour and business at the National Economic Development and Labour Council (Nedlac)’s monthly meeting on the jobs summit agreement.
Cosatu says it won’t be raising issue of wage bill at ANC meeting
The federation has reacted with anger to government’s attempts to unilaterally withdraw from a 2018 wage agreement and slash the public wage bill by R160 billion over the next three years.
Cosatu challenges Ramaphosa to take charge of his Cabinet
The labour federation, which was the first formation within the ANC and its broader movement to nominate Cyril Ramaphosa as president, berated its limited influence in government.
Cosatu: Workers not scapegoats for SA's economic crisis
The organisation said it saw Finance Minister's Tito Mboweni's budget as a challenge to labour and has again rejected government's plans to claw back on the public wage bill.
With new budget, Lamola to 'ensure' NPA battle-ready to fight corruption, GBV
Finance Minister Tito Mboweni presented new budget allocations for the NPA, the priority investigative unit (the Hawks) and other law enforcement agencies, which were expected to tackle the massive backlogs in corruption cases.
Mchunu hoping for positive talks with unions over public sector wage bill
The proposed cuts to the wage bill budget formed a key part of the national Budget Speech on Wednesday.
Fighting crime: R2.4bn to be allocated to NPA, SIU & Hawks
The minister in his budget speech on Wednesday said that the funds would capacitate the law enforcement agencies with 800 investigators and 277 prosecutors to clear backlogs, including cases from the state capture commission.
Public service wage bill to be cut by 1% over next 3 years
The Budget review presented to Parliament by Finance Minister Tito Mboweni reads like a dream for proponents of bold cuts in the public service.
Mboweni likely to hike VAT, say economists
The consequences of such a decision would harm the economy on the one hand while granting the governemtn some much-needed relief on the other.