Business Lead South Africa

Cosatu’s u-turn on state bailouts

JOHANNESBURG, February 6 – A few months after warning Finance Minister Malusi Gigaba not to dip into the government pension fund to rescue struggling state enterprises, the Congress of SA Trade Unions (Cosatu) said on Monday it “grudgingly supports” the R5 billion Eskom bailout by the Public Investment Corporation (PIC). “We understand the role of […]

In The News South Africa

Curiosity mounts over disappearance of 68 ANC votes as conference draws to a close

JOHANNESBURG, December 20 – The steering committee of the African National Congress (ANC) had by Tuesday night, not announced the way forward regarding the missing 68 votes of delegates who are part of the thousands gathered in Johannesburg to elect new national leadership of South Africa’s ruling party. Fears of the decisive conference collapsing were […]

In The News South Africa

“Thuggery against media” at ANC elective conference condemned

JOHANNESBURG, December 20 – The Congress of South African Trade Unions (Cosatu) on Tuesday expressed “deep disappointment” with the conduct of security personnel at the elective conference of the African National Congress (ANC) in Johannesburg, after several journalists raised complaints of intimidation and assault. “This regrettable act of thuggery should be nipped in the bud, and the […]

In The News Opinion South Africa

Can the ANC be fooled again by Ramaphosa the man of many deals that serves apartheid white interest?

In a few days the African National Congress will assemble at Nasrec to mark its 54th Elective Conference where its new leadership will be elected. According to current nominations Ramaphosa the one with the broad smile, the former unionist shaped by white monopoly interest since 1978 is having an edge over his opponent Nkosazana Dlamini […]