By Johnathan Paoli
The Congress of SA Trade Unions has welcomed President Cyril Ramaphosa’s recent proclamation of certain provisions in the Companies Amendment Acts.
Cosatu parliamentary coordinator Matthew Parks on Sunday commended the government for bold pro-worker anti-corruption laws, as a step in the right direction of fighting corruption and labour inequality within the country.
“These progressive and long overdue Acts will advance the war against crime and corruption, further empower the state to deal with grey listing and most critically compel listed companies and State-Owned Enterprises (SOEs) to disclose their financial reports to workers and the wage gap between their highest and lowest paid employees to their shareholders,” Parks said in a statement.
He said that together with its affiliate, the Southern African Clothing and Textile Workers’ Union, Cosatu engaged extensively on the legislation at the National Economic Development and Labour Council and in Parliament, as they supported the
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