BRUCE'S LIST: How Zuma wins the minimum wage glitch
Cosatu’s stalling move will help the president, but who will help those who helped themselves at Eskom?
Bruce’s List: A guide to informed reads. As most of the country prepares to not listen to President Jacob Zuma’s state of the nation address this evening (the fun is due to start at 7pm by the way) There is a curious side issue that I have a sort of stake in. Attentive readers of Business Day and the Financial Mail will know by now that a press conference had been arranged for last Monday at which the announcement would be made that all the parties at Nedlac had finally agreed on the introduction of a minimum wage, next year, of R20/hour or R3,500/month for a 40-hour week. Then, at the very last moment, Cosatu, the ANC aligned union federation, pulled out of the signing ceremony (though I understand its signature is already on all the vital documents) claiming it needed to consult some part of its complicated innards. Whatever the excuse was, it was probably rubbish. The process towards this agreement has been going on for years.But if it was rubbish, the question then is why? On ou...
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