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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.
May 23 2012 22:00
Economic liberation or the lack thereof is the most divisive issue in the country, according to a survey.
May 24 2012 15:29
The Reserve Bank will maintain current interest rates, says governor Gill Marcus.
Johannesburg - Makro, Game and Dion workers are staging marches in several
cities on Friday to protest against working conditions.
"There will be a march from Mary Fitzgerald Square in Newtown to the Game store where a memorandum of demands will
be handed over," said SA Commercial, Catering and Allied Workers'
Union (Saccawu) spokesperson Mike Abrahams.
Similar marches by Massmart workers would take place in Cape
Town, Durban and Bloemfontein on Friday.
Saccawu's list of demands included a R460 per month or 8.5% salary increase (whichever is the highest) for Makro
workers, overtime payment on Sundays and an end to a seven day
rolling working week.
Other demands included increasing the staff discount to 15
percent, a 30% housing subsidy and a 100 percent 13th cheque
for all workers.
The union also wanted all part-time workers to become full-time
after three years.
Some of the disputes had been referred to the Commission for
Conciliation, Mediation and Arbitration.
"We must also warn that union members are more than ready to
embark upon indefinite strikes should the company fail to meet
union demands after the protest action," said Abrahams.
The Congress of SA Trade Unions (Cosatu) had expressed support
for the protest action.
"The union's demands are eminently reasonable, given the very
low wages and poor working conditions in the retail sector," Cosatu
spokesperson Patrick Craven said in an earlier statement.
"They also have to be seen in the context of an industry in
which top executives' salaries are obscenely high, especially when
compared to the meagre take-home pay of their workers."
- Sapa