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Netwerk24 reports that one of SA’s prime banana producers, Umbhaba Estates, is claiming R318-million from the police and a trade union for damages caused by protestors over a period of four months. Source: Latest News
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ArcelorMittal SA has its back to the wall after a tough decade for steel
Business Times writes that eleven years ago, steelmaker ArcelorMittal SA (AMSA) was one of the 10 largest companies listed on the JSE. Source: Latest News
Pensioners may lose millions in scandal involving MD of Lorna Jane SA
BusinessLive reports that the Financial Sector Conduct Authority (FSCA) will investigate the role of all key individuals, including the compliance officer, after a Johannesburg financial adviser was arrested last week over fraud charges. Source: Latest News
Uasa endorses Lesetja Kganyago’s reappointment as Reserve Bank governor
In a letter to Business Day, the United Association of SA (Uasa) indicated that it was pleased with the reappointment of Lesetja Kganyago as governor of the SA Reserve Bank (Sarb). Source: Latest News
Employment and Labour Minister promises ‘persuasive’ approach towards minimum wage offenders
BusinessLive reports that the Department of Employment & Labour (DEL) will not use a “hammer” to deal with employers who do not adhere to labour legislation, including national minimum wage (NMW) offenders. Source: Latest News
Roundup on Monday, 15 July 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, 12 July 2019. Source: Latest News
Ministers blow hot and cold on loan guarantee for SABC
City Press reports that last week was another tumultuous week for the SA Broadcasting Corporation (SABC), with the communications and finance ministries apparently blowing hot and cold when it came to assisting with a R1.3 billion loan guarantee that the public broadcaster desperately needs to stay on air. Source: Latest...
Special labour forum meets to discuss Denel’s liquidity crisis after non-payment of pension contributions
Engineering News reports that following a further breakdown in trust between the management of Denel and labour after last week’s announcement that the company had not paid over retirement fund contributions, a special labour forum was held on Thursday to discuss the crisis. Source: Latest News
Fedusa welcomes appointment of PSA’s Ivan Fredericks to PIC board
ANA reports that the Federation of Unions of SA (Fedusa) on Friday welcomed the appointment of Ivan Fredericks to the interim board of directors of the Public Investment Corporation (PIC). Source: Latest News
Pan African Resources condemns protest action affecting Barberton Mines
Mining Weekly reports that Pan African Resources’ Barberton Mines has lost a number of production days as a result of protest action, which the miner said was unrelated to normal industrial action. Source: Latest News