cosatuBusinessLive reports that Cosatu has run up a deficit of more than R10m in the past two years due to difficulties in its income collection, a decline in membership and financial instability in some of its affiliates.  

In its financial report to be presented to its central committee (CC) meeting, the labour federation says the financial challenges have led to difficulty in the maintenance of overall federation operations and delivery of congress mandates.  Seven of Cosatu’s affiliates, including the SA Municipal Workers’ Union (Samwu), the Communications Workers Union (CWU) and the SA Transport and Allied Workers’ Union (Satawu), are not in good standing after failing to pay monthly subscriptions.  The situation is so dire at Satawu that it became the first affiliate in Cosatu’s history to stay away from the CC meeting due to a financial crisis.  Cosatu general secretary Bheki Ntshalintshali indicated that Cosatu was losing at least R1.6m a month in unpaid subscriptions as a result of the difficulties faced by affiliates.

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