In what has been dubbed a landmark first for Absa group, the bank has confirmed it will launch its R11.2bn Black empowerment share scheme later this year. Subject to shareholder approval, the new broad-based black economic empowerment (B-BBEE) transaction is set to strengthen Absa’s B-BBEE credentials in South Africa. It will also provide communities as […]
Trade union Solidarity has provided screenshots from Eskom’s proposed Employment Equity Plan for 2023–2025 to prove the power utility has plans to get rid of 500 white male workers in the next two years. This comes after Eskom said in a statement on Friday, “there are neither plans nor decision to retrench any employees, whatever […]
Eskom has assured the public that there are no plans to retrench any staff members nor has a decision to retrench any employees been taken. This assertion comes after trade union Solidarity alleged in an article that Eskom intends to retrench 500 employees, whom it alleged are “white maintenance workers,” as part of the latest […]