Enyobeni inquest postponed to Thursday

[File Image] Forensic personnel investigate after the deaths of patrons found inside the Enyobeni Tavern, in Scenery Park, outside East London in the Eastern Cape province, South Africa, June 26, 2022. 1 minute The Enyobeni inquest has been adjourned until Thursday for the continuation of the video footage viewing. A video footage of the night…

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Workers await offer as CCMA gives PRASA 60-Day deadline

PRASA railway. 2 minutes The Commission for Conciliation, Mediation and Arbitration (CCMA) has given the Passenger Rail Agency (Prasa) 60 days to present a wage offer to the workers. Currently, the employer has refused to present any salary offer due to financial challenges. This prompted labour unions Satawu and UNTU to take the employer to…

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Investment success isn’t as clear-cut as just following the Fed

Source: Reuters. While South Africa has faced economic challenges, the idea that local equity investments should be avoided in favour of rand-hedge or offshore stocks is flawed. However, the reality tells a different story. Since October 2020, the FINI 15 index, which includes major South African financial firms and Real Estate Investment Trusts (REITs) like…

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FEDUSA accepts government’s 5.5% increase

Public sector unions concluded consulting their members about government’s offer to increase salaries by 1.5%. 4 minutes Public sector unions under the Federation of Unions of South Africa (FEDUSA) have accepted government’s 5.5% increase for their members. The Public Service Coordinating Bargaining Council (PSCBC) gave the parties 21 days last month, to canvass their members…

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