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.

Govt mulls options after Cosatu threat

Aug 25 2010 08:18 Sapa

Related Articles

Public sector strike may spread

Govt attempts to blunt strike's effect

Court bars some workers from striking

SA locked in strike battle

Strike turmoil grows

Strikers accuse govt of blackmail

 

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 - The government was on Wednesday considering its response to an ultimatum set by the Congress of SA Trade Unions (Cosatu) which had threatened a solidarity strike with public service unions.

"The announcement (by Cosatu) was made last night (Tuesday), we will react later," said government spokesperson Themba Maseko on Wednesday morning.

He said Public Service and Administration Minister Richard Baloyi would have to be consulted first before a statement was made.

Cosatu threatened a total shutdown of the economy with a secondary strike next Thursday if the government failed to make a better wage offer to public servants.

"We call on all workers to intensify their action. Every Cosatu affiliated union must on August 26 submit (a seven-day) notice to their employers to embark on a secondary strike," general secretary Zwelinzima Vavi said in Johannesburg.

"So by next Thursday, if the current strike is not resolved, the entire economy of South Africa will be shut down."

Until Monday, the government said it was offering a seven percent increase, but then Maseko told reporters this week that the offer was in "real terms" actually 8.5% - a mere tenth of a percent short of what unions wanted.

This was because the increase offer was bolstered by a 1.5% pay progression.

However, unions said the pay progression was part of an old agreement about performance appraisals signed in 2003.

Unions were demanding an 8.6% increase.
 

 
 
Comment on this story
40 comments
Add your comment
Comment 0 characters remaining
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...