Telkom Chief Executive, Papi Molotsane is in the firing line of senior managers and investors that lack confidence in his ability to lead the business. However he is not planning to resign and dismissed the criticisms. He has defended his plans and believes for example, the capex programme is an investment in the future.
(Sunday Times, 22 January 2007)
The case involved a security company that withdraw contributions from a member’s salary but did not pay it over to the pension fund. The ruling from the Pension Funds Adjudicator (PFA) is that companies that make such deductions for pension / provident funds and do not pay it over, are committing a criminal offence and will be turned over to the prosecuting authorities. Members should check that amounts deducted are actually paid over to the fund.
Trustees should monitor contribution payments and take action against defaulting employers.
(Business Day, 18 January 2006)
Department of Labour blitz runs from 15-18 January in the Northern Free State to check compliance with labour laws – for example, basic conditions of employment, unemployment insurance, employment equity and compensation for occupational injuries and diseases.
(Department of Labour, 12 January 2007)
SA’s hottest jobs SA’s hottest jobs
According to recruitment agencies the hot jobs are:
1. Engineers especially civil engineers
3. Tax Consultants
4. Portfolio Administrators
5. Risk Analysts
6. Equity Researchers
7. Structured lending specialists
8. CFA’s – specialist administrative managers
(Moneyweb, 9 January 2007)
The South African Transport and Allied Workers’ Union (Satawu) threatened to strike over retrenchment of 1000 employees at South African Airways (SAA) to reduce operating costs.
(IOL, 9 January 2007 )
According to Bloomberg’s Misery Index, SA comes out last at 31% (Job less 25.6% plus Consumer Prices 5.4%).
The least miserable economy is Switzerland at 3.7%
(Moneyweb, 8 January 2007)
She is responsible for worldwide human resources and strategy functions. She expects jobs to grow due to infrastructural development. “The challenge is getting the technical skills in the market.”
(Business Report, 7 January 2007)