Workers call for tighter legislation in employee share incentive plans

IOL News reports that workers representatives have called for greater legislation governing the employee share benefits schemes in South Africa mining companies to be regulated by the Mineral and Petroleum Resources Development Act (MPRDA) for the greater benefit of workers. This comes as the Department of Trade, Industry and Competition (the dtic) yesterday held an […]

COSATU welcomes positive SABC wage agreement with CWU

The Congress of South African Trade Unions (COSATU) welcomes the signed wage agreement for the 2023/24 financial year between the South African Broadcasting Corporation (SABC) and the Communications Workers’ Union (CWU). This positive agreement sees SABC employees who have not had a wage increases for four years, receive an above inflation increase of 6%.  SABC […]

COSATU welcomes the reopening of Optimum Coal Mine and the saving of 500 mine workers’ jobs

The Congress of South African Trade Unions (COSATU) welcomes the reopening of Optimum Coal Mine and the saving of over 500 mine workers’ jobs.  This is a major victory for these workers, their families and the host communities of the Steve Tshwete and Nkangala Municipalities in Mpumalanga.  Optimum Mine has a potential output of 13.5 […]

Petra Diamonds to lay off SA workers as part of cost-cutting measures

Business Report writes that Diamond miner Petra Diamonds has issued retrenchment notices to employees at its South African operations as it intensifies cost-cutting measures while forging ahead with the disposal of its stake in the Koffiefontein diamond mine. Retrenchments and lay-offs have been prevalent in the South African mining industry in the past few months […]

COSATU raises concerns over SABC staff salary stagnation

SABC News reports that COSATU’s Acting National Spokesperson and Parliamentary Coordinator, Matthew Parks, has expressed deep concern over the lack of salary increases for South African Broadcasting Corporation (SABC) staff in recent years, despite high inflation rates. The public broadcaster has been facing financial difficulties amidst growing competition in the digital broadcasting landscape. Employees of the […]

We don’t foresee situation where we are unable to pay salaries: SABC

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SABC News writes that the South African Broadcasting Corporation’s (SABC) Group CEO Nomsa Chabeli says the organisation doesn’t foresee the possibility of staff salaries being at risk as the public broadcaster faces liquidity constraints. The SABC has been battling cash flow challenges in recent years amid an increasingly competitive broadcasting space in the digital era. This comes as the […]