Today's Labour News

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gigaba2EWN reports that Finance Minister Malusi Gigaba on Monday cancelled an urgent meeting with the Public Servants Association (PSA) which was aimed at discussing various matters relating to the Government Employees Pension Fund (GEPF) and its investment manager the Public Investment Corporation (PIC).  

The trade union is angry over the decision to bail out cash-strapped Eskom using GEPF funds and wants a labour representative to sit on the board of the PIC in order to safeguard workers' money.  The PSA said that Gigaba's postponement of Monday's meeting once again indicated that the interests of public sector employees were not a priority.  The PSA's Tahir Maepa stated:  “Today is the deadline that we gave to him to meet our demand for the reform of the PIC, so come this afternoon if this issue is not resolved, then obviously our attorneys will proceed with drafting papers to the court."  The PIC is the investment manager of the GEPF and other statutory funds.

  • Read this report by Thando Kubheka in full at EWN

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