Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Cosatu: strike decision imminent

Aug 31 2010 12:10 I-Net Bridge

Related Articles

Strike: Mdladlana sends in CCMA

No talks yet, says Cosatu

Cosatu serves secondary strike notices

Govt mum on new offer

Baloyi determined to end strike

Zuma intervenes in govt strike

 

Top Stories

Mantashe: We don't need the West

May 23 2012 09:47

Western investors must realise SA does not need their money as it can now turn to fellow Brics members for funding, says ANC secretary general Gwede Mantashe.

E-toll case goes to ConCourt

May 23 2012 08:10

Several parties, including government, have launched a Constitutional Court appeal against an interdict temporarily halting the e-toll project, Outa says.

Facebook, banks sued over pre-IPO calls

May 23 2012 18:03

Facebook and banks are being sued by Facebook's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its initial public offering.

 
Share Share line Print
Johannesburg - Affiliated public sector unions of trade federation Cosatu said on Tuesday their members could decide as early as today whether they will accept government's latest wage offer.

Speaking on behalf of the Cosatu-affiliated unions, Mugwena Maluleke said they treated the wage stand-off and strike, which started on August 18, "as a matter of urgency".

On Monday, government tabled a new offer of a 7.5% wage increase and an R800 housing allowance following President Jacob Zuma's intervention.

This was an improvement from a 7% wage increase and a R700 housing allowance. Unions are demanding an 8.6% wage increase and R1 000 housing allowance.

Maluleke said government and unions negotiated throughout the night.

He said the unions intended taking the latest offer to members from Tuesday.

Nkosana Dolophi, deputy secretary general of the South African Democratic Teachers Union (Sadtu), said members will decide later on Tuesday or on Wednesday.

Asked whether the unions recommended the fresh offer, Maluleke said he could not speculate on the outcome of the members' vote.

Cosatu affiliates account for 56% of all civil servants.

At the weekend, Zuma ordered public sector ministers to get back to the negotiating table and find a solution that would bring the strike to an end "as soon as possible".
 

 
 
Comment on this story
64 comments
Add your comment
Comment 0 characters remaining
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)

Sasha

"The way that I read it is simple, more regulation often leads to higher costs, and whilst law makers think that their intentions are well founded, it is generally the customer, in this case the patient that suffers."       Jozi, Jozi. 26 o 12' 16" S, 28 o 2' 44" E . Call it a relief... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...