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Deadline nears for strike announcement

Sep 06 2010 15:51 Sapa

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Johannesburg - Trade union leaders were preparing for a press conference that may herald the end of the prolonged public servants' strike on Monday.

"The media statement has just gone to the caucus members for approval," said Independent Labour Caucus chairman Chris Klopper ahead of a 16:00 announcement in Centurion, Pretoria.

There has been speculation the strike may end through either a settlement or a suspension to allow further negotiation.

None of the unions, nor the public service department spokesman contacted wanted to confirm an SABC report, quoting the SA Democratic Teachers' Union's Gauteng secretary Ronald Nyathi saying that the strike was off.

About 1.3 million public servants rejected the government's opening pay offer, pushing for an 8.6% increase, a R1 000 housing allowance and for other issues such as equalisation of medical fund payments, to be addressed.

"There is a formal briefing at 16:00. Let's wait for a briefing," said Public Service spokesman Dumisani Nkwamba.

Earlier, Klopper was quoted as saying there would be "good news" at the briefing.

The government last week revised its offer to a 7.5% salary increase and an R800 housing allowances and agreed to discuss the other issues raised.

Unions went away from Friday to explain the finer points of the deal to their members, many of whom have been on strike without pay for 20 days.

 
 
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Facebook's intrinsic value
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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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