• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Strikes come at a cost

Aug 10 2010 15:24

Related Articles

Eskom: Strike will impact supply

Eskom workers threaten strike

Power hike strike averted - for now

Stop strike, pleads Azapo

SA braces for 'total shut-down'

Massive govt strike looms

 
Johannesburg - Any strike action comes at a cost to the economy and the country, Business Unity South Africa (Busa) CEO Jerry
Vilakazi told I-Net Bridge on Tuesday.
   
His comments came as thousands of public sector workers on Tuesday marched in different parts of the country over wages.
   
Unions had on Tuesday given government only a few hours to respond to their demands for an 8.6% wage increment and a R1 000 housing allowance before deciding on further action. Government is offering a 7% wage increment and a R630 housing allowance.
   
If their demands are not met, over one million public sector workers could embark on a full blown strike.
   
"We think that strikes in general, where possible, should be avoided," said Vilakazi.
   
Analysts have questioned whether government can afford to up its offer, given that its coffers are strained following increased spending that had to take place to lessen the effects of the recession on the economy, commitments it made under the Occupation Specific Dispensation (OSD) and the pressure these factors have put on the budget deficit.
  
Vilakazi said it would be unfair to pinpoint who should compromise between government and labour but added that as Busa they were confident that a resolution would be found.
   
"I think the solution lies with both parties. We believe govern negotiators and union negotiators have got the capacity.
   
"If you look at where they are, they're not very far apart from each other. With both parties' willingness and commitment, I'm confident there will be a solution," he noted.
   
- I-Net Bridge
jerry vilakazi  |  public sector strike  |  busa
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
9 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

The rich will pay - Mpofu

The EFF in Gauteng will focus all its energy on improving the lives of the poor, the party's premier candidate Dali Mpofu says.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

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