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.

Zuma 'not indebted to unions'

Aug 11 2009 22:36 Leani Wessels and Reuters

Related Articles

Eskom strike may be averted

D-Day for Eskom strike

SA needs 40 new coal mines

Mixed responses to Eskom offer

Gold steadies above $955

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print

Johannesburg - President Jacob Zuma said on Tuesday there was "no pandering" to unions and he was not indebted to them.

Unions which helped Zuma rise to power want him to spend more on the poor, a policy that would be economically risky during the country's first recession since 1992.

His remarks appeared aimed at easing concerns that he would change economic policies to please organised labour.

Union officials said earlier that most workers at state power firm Eskom appeared ready to accept a pay offer from the utility that would avert a strike.

The National Union of Mineworkers (Num) told Fin24.com it would debate the matter again on Wednesday.

However, the union's chief negotiator was hopeful a resolution could be reached. "It looks like it might go well; we're pushing very hard to end this," said Num chief negotiator Paris Mashego.

The reason for the delay is that a determining vote from Eskom's Mpumalanga union members could not be obtained by Tuesday afternoon, he said.

The proposed strike of Eskom employees was planned to start this week before the power company offered a 10.5% wage increase compared to union expectations of a 14% wage increase.

"We have not finished consultation with one of our strongest bases - Mpumalanga, where most of the power stations are located," said Mashego.

According to Mashego, once the Mpumalanga vote has been cast, Num will be able to determine whether further negotiation is needed.

"All the members have no problem with the proposed wage increase," said Mashego. However, he said that a possible hurdle now is the housing allowance requested by Num and the other unions.

According to Eskom spokesperson Andrew Etzinger, the parastatal was hoping to keep the housing allowances a separate issue.

"The housing allowances is a complicated issue that should be addressed between now and the beginning of next year, but should not hold up the current issues," Etzinger said.

- Fin24.com and Reuters

 
 
Comment on this story
0 comments
Comments have been closed for this article.
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)

Perfin

I arranged two workshops in Cape Town at the Cape Chamber of Commerce offices as well as two computer based workshops, one on Google Adwords and another on Joomla Administrator at the training centre in Somerset West. Emarketing Workshops - http://emarketingworkshops.co.za/next-workshops 1. Interne... 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...