On 28 November 2021 Clover Pty Ltd was initially granted an interdict against the General Industries Workers Union of SA (Giwusa) and identified individual Union members. Members of the union have been involved in destruction of property, interruption to trade and looting at several retailers around the country. Union members have been on strike since November in a wage and retrenchment dispute with Clover. On 25 January Clover obtained a further court order that orders the Unions (GIWUSA & FAWU) to publicly denounce all forms of violence and intimidation against any non-striking workers and third parties, including any damage to
Read More
Monthly Archives Jan 2022
Importance of beneficiary nominations on Unapproved Group Life and Funeral policies
Jenny Gordon, Head: Technical Advice: Investments, Product and Enablement at Alexander Forbes cautions that fund members need to ensure that they have nominated beneficiaries on their unapproved group life and funeral policies. If this does not happen, the benefit will be paid to the deceased estate, incurring unnecessary delays and costs in administering an estate, because the current Insurance Act of 2017 does not permit the employer to exercise a discretion to determine a beneficiary, as was the case under previous legislation. Employees should be encouraged by their HR departments to complete beneficiary nomination forms on their unapproved group life and
Read More
PICK N PAY ROLLS OUT CAR LICENCE DISC RENEWAL SERVICE TO ALL STORES
Pick n Pay’s Vehicle Licence Disc Renewal Service launches nationally after whirlwind pilot Due to huge customer demand, Pick n Pay today launched its new Vehicle Licence Disc Renewal Service nationally. Customers will now be able to renew their licence disc in over 500 Pick n Pay stores, across South Africa, at an amended service fee of R250. Customers can visit any Pick n Pay supermarket or hypermarket to renew their vehicle licence disc. The retailer hopes to roll out the service to all Pick n Pay Liquor and Clothing stores soon too. “Renewing your car licence disc is now
Read More
CLOVER “APPALLED” AT MURDER OF GUARD BY STRIKING WORKERS
Clover Industries said today that it was “shocked and appalled” at the murder of a Fidelity guard late yesterday. The guard, Mr Tsephe Molatsi, had been in an escort vehicle assigned to protect a Clover delivery vehicle from attack by striking workers. The incident happened near Olifantsfontein on the East Rand in Gauteng, late Saturday afternoon. A white bus with striking workers intercepted the Clover delivery vehicle on the Olifantsfontein Road and attacked both the Clover truck and the escort vehicle. Although security officers responded to being pelted with bottles and rocks by firing rubber bullets, striking workers advanced and were
Read More
STRENGTHENING OUR CORE: APPOINTMENT OF ANN LEEPILE AS CEO OF ALEXANDER FORBES INVESTMENTS
The Alexander Forbes Investments business is the primary vehicle of the Alexander Forbes Group to grow and protect the wealth of its clients through its market-leading multi-management capability. The investments business turns 25 years old this year and has consistently delivered exceptional performance to clients over this period due to its independence from asset managers, the rigor of its investment process and the expertise of its investment professionals. Alexander Forbes Investments currently is entrusted with more than R420 billion of clients’ savings, affirming its leadership position in the South African investment environment. In line with its strategy of strengthening its
Read More