Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

fawuBDLive reports that workers at SA Breweries (SAB) who own shares through the Zenzele scheme are to get an average advance payment of about R32,000 when the deal with Anheuser-Busch InBev (AB InBev) goes through.  

This follows a hard-fought battle by the Food and Allied Workers Union (Fawu).  The deal was struck on Friday, after Fawu had threatened to strike over the issue.  The union had complained that, while 1,700 SAB managers would receive a $1.9bn early payout on their share options, workers had to wait until the Zenzele scheme matured in 2020.  The improved offer doubles the amount proposed originally by SAB and removes the requirement that recipients pay interest on what is essentially a prepayment of dividends.

  • Read this report by Ann Crotty in full at BDLive
  • Read too, AB InBev passes BEE hurdle, at Business Report

Get other news reports at the SA Labour News home page