Thought Leadership
TimesLIVE reports that Thabo Lekalakala, the suspended head of the North West health department, appeared in the Molopo Magistrate’s court on Friday in connection with the fraudulent appointment of Gupta-linked company Mediosa. Source: Latest News
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Consumers dip more into retirement savings, Alexander Forbes reports
BusinessLive reports that financial services group Alexander Forbes Holdings said on Monday that SA’s sluggish economy continued to impede its revenue growth, with its clients having dipped more into their retirement savings during the six months to end-September. Source: Latest News
GEPF to invest more in fixed-income assets and also wants to increase investments outside SA
Bloomberg reports that the Government Employees Pension Fund (GEPF) is planning to invest more of its about R2-trillion in fixed-income and unlisted assets as SA faces a possible credit-rating downgrade by Moody’s Investors Service in 2020. Source: Latest News
Roundup on Monday, 9 December 2019 of weekend labour reports
In our roundup of weekend news, see summaries of our selection of South African labour-related stories that appeared since Friday, 6 December 2019. Source: Latest News
Unions ‘excluded’ from SAA rescue plans threaten to go to court
Saturday Star reports that two unions have threatened to go to court to challenge the decision to appoint a business rescue practitioner at SAA without consulting them. Source: Latest News
Proteas-England series saved (for now) as cricket players decide against strike
The Citizen reports that local cricket fans who need a break from the shenanigans at Cricket South Africa (CSA) can be rest assured that the Proteas will play England later this month. Source: Latest News
Over 200 Johannesburg firefighters dismissed after illegal strike
News24 reports that around 200 firefighters have reportedly been dismissed from the City of Johannesburg after an unauthorised strike. Source: Latest News
Names of four Tau Lekoa gold mine disaster victims released after last body located on Sunday
News24 reports that Village Main Reef Limited confirmed on Sunday that the final casualty in the Tau Lekoa gold mine disaster near Orkney, North West, had been located and was being retrieved. Source: Latest News
Judgment reserved in Old Mutual’s appeal against axed CEO Peter Moyo’s reinstatement
Fin24 reports that the Johannesburg High Court on Friday reserved judgement in Old Mutual’s appeal against a lower court ruling reinstating axed CEO Peter Moyo. Source: Latest News
Credentials of TUT’s chief financial officer in spotlight
The Sunday Independent reports that the qualifications of the man at the helm of Tshwane University of Technology’s (TUT’s) finances have come under the spotlight after relevant state regulatory bodies said they had no records of him being registered as a chartered accountant (CA). Source: Latest News