Thought Leadership
News24 reports that the EFF has called for the immediate removal of Eskom COO after a damning report into his alleged misconduct. Source: Latest News
Author Archives: admin
Foschini Group looks to raise R3.95bn to reduce debt while laying off staff
Business Report writes that The Foschini Group (TFG) is looking to raise up to R3.95 billion through a rights offer to reduce its indebtedness and has notified employees that it is in the process of laying off some staff to cut its debt. Source: Latest News
Solidarity welcomes DTIC’s move to investigate scrap metal supply
Engineering News reports that trade union Solidarity has welcomed Trade and Industry Minister Ebrahim Patel’s trade policy directive that proposes an investigation into measures to help support the SA metals industry, which is facing significant challenges. Source: Latest News
Trade unions divided on approval of SAA business rescue plan
Engineering News reports that there has been mixed reaction from unions representing employees of SA Airways (SAA) to the approval of the business rescue plan for the embattled state-owned carrier. Source: Latest News
UIF resumes Ters payments after beefing up security system to verify banking details
Engineering News reports that the Unemployment Insurance Fund (UIF) has introduced new, more stringent controls to verify banking details in order to ensure that the Covid-19 Temporary Employee Relief Scheme (Ters) does not fall prey to criminal elements. Source: Latest News
Study shows Covid-19 cut SA employment figures by some three million, with women worst affected
Fin24 reports that according to the results of a new study, approximately three million people in SA lost their jobs between February and April as a result of the Covid-19 pandemic, while women accounted for two million of the jobs lost. Source: Latest News
Consumer inflation at 2.1% in May falls to lowest level in nearly 16 years
Fin24 reports that annual consumer inflation for May fell to 2.1%, the lowest reading recorded since September 2004. By comparison, inflation in April stood at 3% according to Stats SA. Source: Latest News
New Covid-19 taxi rules will not slow the rate of transmission, top scientist warns
News24 reports that a top scientist has warned that government’s new regulations allowing for 100% seating in taxis for short-distance trips cannot be backed up by science and will do nothing to stop the spread of Covid-19. Source: Latest News
Cape Town police sergeant dies alone during Covid-19 self-isolation
News24 reports that a Cape Town sergeant, who self-isolated after finding out she had Covid-19, ended up dying alone in her flat. Source: Latest News
As Motshekga cancels meeting with education unions, Naptosa also calls on government to close schools
News24 reports that with the Covid-19 pandemic in SA gaining momentum, pressure to close schools has been mounting, with the National Professional Teachers’ Organisation of SA (Naptosa) joining the choir of voices demanding that schooling be halted. Source: Latest News