The then R20bn cash reserves Ald. Neilson had his hands full and finally admitted in April 2020 during the COVID 19 pressure the investment of R20bn in cash reserves. (Cape Town’s looming financial crunch as Covid-19 throttles income streams – Daily Maverick)Prior to April 2020, the Cost Coverage Ratio was reported at 3:1. (See below) …
COCT 6.25% Wage hike: COVID makes no difference says COCT. Following the previous two articles in this respect, we received the following reply from Ald. Neilson. We can all hold views on what is reasonable or not, but the reality is that we have a labour law dispensation in South Africa that we have to …
COCT 6.25% Wage hike: Covid makes no difference says COCT Read More »
COCT 6.25% Wage hike: “We have no choice” – Neilson In response to the first article posted on this subject, Ald. Neilson shed some light on our concerns. “The City does not have free rein to decide on staff salary increases. These are decided at the national Local Government Bargaining Forum. We wish it was …
COCT 6.25% Wage hike amidst COVID – Perspective In response to the City who is deadest to remain with the 6.25% increase for employees. Employee Costs contributes to 36.5% of 2020/21 of the City’s budget. Deputy Neilson to take accountability! “Several corporate executives had taken salary cuts due to the global pandemic.” No Sir! The …
Provision of Civil Engineering Services for the upgrading of Tambo Square Informal Settlement Why was this tender awarded twice? If the first one was cancelled, I cannot find any indication of it. Originally Published by Mike Heyns | Smart Compact Share on facebook Facebook Share on twitter Twitter Share on whatsapp WhatsApp