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

España Noticias Noticias

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

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 (SIM)* to pay back R150 million loaned to it a decade ago. | JanTamb

  • 📰 News24
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

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.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

News24 /  🏆 4. in ES
 

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Kenya signs trade deal with European Union to safeguard exports | BusinessKenya 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
Leer más »



Render Time: 2025-01-19 22:18:55