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Cosatu, ILC to discuss feedback

Sep 01 2010 14:27 Sapa

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Johannesburg - The Congress of SA Trade Unions (Cosatu) and the Independent Labour Caucus (ILC) will meet at 16:00 on Wednesday to consolidate members' mandates on whether to continue the public sector strike or to accept government's latest wage offer.

"At this stage it is 50/50. There is no clear indication," ILC chairperson Chris Klopper said.

Nkosana Dolopi, deputy general secretary of the SA Democratic Teachers Union (Sadtu), which has been among the most vocal unions,
did not want to discuss the feedback they had received until after the meeting.

"We will first submit that report to that meeting," Dolopi said, after an announcement that Cosatu had put its solidarity strike by other affiliates on hold pending the outcome of the consultations.

Klopper said a settlement was not restricted to whether members would accept the 7.5% and R800 housing allowance offered, but that there were some other "deal breakers" contained in the six page document they were asked to consider.

This included agreement on what they believed was discrimination in the housing allowance, which was based on marital status, equalisation of the medical subsidy, and whether people who were on strike would face disciplinary measures when they returned to work.

Meanwhile, Public Service Minister Richard Baloyi was expected to address the media, also at 16:00.

 
 
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Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

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