IOL News reports that a 52-year-old government official, found guilty of fraud and money laundering, has been ordered to pay back the money using her pension fund. Source: Latest News
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SA platinum industry could shed up to 7,000 jobs to cut costs
Reuters reports that the the Minerals Council SA (MCSA) said on Monday that restructuring of SA’s platinum group metals (PGM) industry in response to rising costs and falling prices could result in between 4,000 and 7,000 job cuts. Source: Latest News
Morning roundup of labour news on Tuesday, 6 February 2024
In our Tuesday morning roundup, see summaries of our selection of South African labour-related reports. Source: Latest News
Beware of on-line job scams
The Citizen writes that in in a time when unemployment is high and thousands of job seekers who completed matric are joining the job market, it is important to beware of job scams. Source: Latest News
Business threatens legal action should NHI Bill become law
BL Premium reports that organised business has urged President Cyril Ramaphosa not to sign the National Health Insurance (NHI) Bill, threatening legal action should it become law. Source: Latest News
The race to be ready for pension fund reform is on, complicated by no final legislation and early implementation date
Moneyweb reports that pension funds and their administrators are racing against time to implement highly complex changes to their rules before pension fund reforms come into effect on 1 September this year. Source: Latest News
Get ready for big fuel price hikes from Wednesday
BL Premium reports that after three months of declining fuel prices brought relief to motorists, February is expected to bring major hikes across the board. Source: Latest News
Roundup on Monday, 5 February 2024 of weekend labour reports
In our roundup of weekend and recent reports, see summaries of our selection of South African labour-related stories that recently appeared. Source: Latest News
Government in talks with ArcelorMittal SA and stakeholders to avert steel plant closures
BL Premium reports that the Department of Trade, Industry & Competition (DTIC) is pushing to increase steel exports to other African countries and root out customs fraud on imported steel in a bid to avoid the closure of ArcelorMittal SA’s (Amsa’s) long-steel operations. Source: Latest News
Government makes big changes to employment equity targets
Fin24 reports that government has made changes to proposed new employment equity targets, including doing away with specific targets for African, coloured, Indian and white workers. Source: Latest News




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