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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.
Durban - The municipal strike scheduled to start Monday can be averted if
the employer makes a decent offer, trade unions said.
"We will call off the strike if the employer meets our demands
before Monday. If they do not put a good offer, thousands of our
members will down tools on Monday," South African Municipal
Workers' Union (Samwu) president Petrus Mashishi said on Tuesday
after salary negotiations deadlocked.
Samwu and the Independent Municipal and Allied Trade Union
(Imatu) had rejected a mediator's proposal of 11.5%. Imatu
had earlier accepted the offer but demanded that it should be
implemented over one year and not three, as proposed by the
mediator.
Samwu and Imatu jointly represent 90% of the 230 000
workers in the local government sector. Samwu wanted a 15%
increase, a minimum wage of R5 000, housing loan assistance of 70% of the bond amount to R300 000 and a rental allowance of 70%.
Imatu's Stanley Khoza said: "If the employer does not put the
new offer, we will down tools on Monday."
In a statement released on Monday, SA Local Government
Association (Salga) CEO Xolile George said he was concerned about
the lack of agreement in municipal salary negotiations.
It was regrettable that a settlement had not been reached,
despite several attempts since 30 March to reach an amicable
solution, George said.
- Sapa