Union wants R300m back from Survé-linked media group as it can't pay pension, funeral bills | Business

The head of SA's largest clothing trade union has said it is struggling to pay out funeral benefits to its members, which he blames on a refusal by Sekunjalo Independent Media * to pay back R150 million loaned to it a decade ago.

The Southern African Clothing and Textile Workers' Union , which represents around 100 000 workers in the textiles, clothing and footwear industry, is already facing headwinds from the impact of Covid-19, global competition and a weak economy. In court filings, Sactwu secretary-general André Kriel has warned the union may be forced to sell shares in Hosken Consolidated Investments if SIM does not return the funds - plus interest - that its investment arm loaned it in 2013.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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Kenya signs trade deal with European Union to safeguard exports | BusinessKenya on Monday signed an Economic Partnership Agreement with the European Union that will guarantee duty-free access for its farm produce into its biggest export market. | News24_Business
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