Reuters reports that the Competition Tribunal on Friday approved a rescue deal for Comair on condition that the carrier freezes job cuts for three years and investors allocate shares to a special purpose black empowerment vehicle. Source: Latest News
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Doubts about how far new SAA will be able to fly on its R10.5bn
Business Times writes that the government’s commitment to pay the R10.5bn that SA Airways (SAA) desperately needs to conclude its business rescue may draw a line under its legacy issues, but a question mark still hangs over future funding and the viability of the new airline expected to emerge from...
Coronavirus command council’s decision that Ters benefit won’t be extended beyond mid-September has business and labour up in arms
BL Premium reports that the decision by the state’s national coronavirus command council not to extend the Covid Temporary Employer/Employee Relief Scheme (Ters) beyond mid-September has drawn a sharp rebuke from a business lobby group and from unions. Source: Latest News
Nehawu's credibility questioned after portfolio committee allegedly used as a “bargaining chip” in negotiations with Nfas, Nzimande
City Press reports that the National Education, Health and Allied Workers’ Union (Nehawu) has come under criticism in Parliament for allegedly using the portfolio committee on higher education, science and technology as a “bargaining chip”. Source: Latest News
Still no firm date for cabinet lifestyle audits, despite Ramaphosa’s 2018 pledge
BL Premium reports that a framework for guidelines on lifestyle audits for cabinet ministers and their deputies will be finalised by March 2021, about three years after President Cyril Ramaphosa said such examinations would be introduced. Source: Latest News
Afternoon roundup of labour news on Thursday, 29 October 2020
In our afternoon roundup, see summaries of our selection of South African labour- related stories that appeared thus far on Thursday, 29 October 2020. Source: Latest News
City of Johannesburg to act decisively against those implicated in internal PPE investigation report
News24 reports that City of Johannesburg municipal manager Ndivhoniswani Lukhwareni has been ordered to act decisively against those implicated in personal protective equipment (PPE) related corruption. Source: Latest News
Opposition parties slam 'immoral' SAA bailout in finance minister Tito Mboweni's mini-budget
TimesLIVE reports that broadsides came thick and fast as opposition parties opened fire on Finance Minister Tito Mboweni’s Medium-Term Budget Policy Statement (MTBPS) on Wednesday. Source: Latest News
Mboweni confirms R100bn allocation to infrastructure spending over 10 years, with R18bn over medium term
Moneyweb reports that government has confirmed in its Medium-Term Budget Policy Statement (MTBPS) its commitment of R100 billion over 10 years to the Infrastructure Fund, of which R18 billion will be over the medium term. Source: Latest News
While Mboweni agrees to bailout for SAA, no funds announced for SABC, Post Office or Denel
News24 Wire reports that while SA Airways will get the R10.5-billion it has requested from government to fund its business rescue process, there were no announcements in the Medium-Term Budget Policy Statement (MTBPS) on Wednesday of additional funding for cash-strapped state-owned entities (SOEs) such as the SA Broadcasting Corporation (SABC),...




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