Today's Labour News

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boardroomtableBusiness Report writes that Transaction Capital has avoided R20 million a day losses after it a successful intervention on a second day of industrial action at its troubled subsidiary SA Taxi Finance in a labour dispute over recognition with the Kungwini Amalgamated Workers Union (Kawu).

The all-day engagement on Tuesday resulted in the recall of workers who had embarked on a strike after SA Taxi Finance had resorted to not engaging with the union to resolve wage discussions and strenuous work conditions. Kawu’s Khumbulani Moyo reported that it had been agreed that “an independent facilitator will be appointed to try and resolve the impasse between the parties.” The details of the independent facilitator sponsored by the company will be shared with the union by the end of Wednesday. According to Moyo, if mediation efforts fail, “the parties will reserve their rights in line with the current ongoing protected strike”. Transaction Capital, through its communications firm, confirmed that it would engage with the union. The first day of strike action on 3 June resulted in losses of more than R20m. “The strike was stayed then to allow SA Taxi to engage with the union but the efforts failed, resulting in the CCMA issuing a strike certificate,” Transaction Capital reported. The strike, stayed again on Tuesday, resulted in the closure of SA Taxi hubs in Midrand and Vereeniging responsible for the sale, insurance, and parts distribution of the taxi passenger vehicle market in southern Africa.

  • Read the full original of the report in the above regard by Banele Ginindza at Business Report (scroll down)

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