They are also calling on the government to fast-track the Companies Amendment Bill aimed at ensuring that employers comply with their wage agreements and disclose their finances.
The tough economic conditions and the rising cost of living have led to retrenchments and some businesses closing shop. Parks says, “Workers spend a quarter of their salary on transport, petrol prices hitting smaller income households hard the 18% electricity increase, income household higher. Healy has described 2023 as a tense year of wage negotiations but says there are so far notable small victories for workers in some industries.
Rossouw says as unions push for the Companies Amendment Bill, they too must be open about their finances.
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