South Africa’s Telkom completes first phase of retrenchment process

South Africa’s Telkom completes first phase of retrenchment process

South Africa's Telkom has completed the first phase of its retrenchment process, affecting one-thousand-800 jobs. The telecoms giant reported a 1.9-percent revenue growth to 21-billion-rand, driven by strong revenue performance. CEO Serame Taukobong says the focus is on cutting operational costs and improving revenue mix to build a resilient company:

November 19, 2024 9

Local

Unclaimed benefits for 176 GIPF members: an urgent call to action

The Government Institutions Pension Fund (GIPF) provides various benefits to its members, such as Normal Retirement, Early Retirement, Resignation (also applicable to dismissals), Retrenchment, Disability benefit, Ill-Health Retirement, Death, and Funeral benefits. These benefits are due when a member is no longer employed and exits the Fund. Currently the GIPF holds millions in what is referred to as unclaimed benefits. Every staff member of a participating […]

June 18, 2024 17

Business / Economics

Agribank introduces credit life insurance product

The Agricultural Bank of Namibia (Agribank) is pleased to announce the introduction of a Credit Life Insurance product, effective 1 June 2024. The Credit Life Insurance serves as a financial security and protection against unforeseen events, tailored exclusively for Agribank clients. The Agribank credit life insurance offers benefits beyond covering death and protecting a client’s estate. If a client becomes permanently or temporarily disabled, is diagnosed with […]

May 30, 2024 24

South Africa

South Africa’s members of Parliament have criticised the business rescue process of the Post Office

South Africa's members of Parliament have criticised the business rescue process of the Post Office. The process involves the retrenchment of thousands of workers and the closure of hundreds of branches countrywide. Members of the Communications and Digital Technologies committee received a briefing on the business rescue, with minister Mondli Gungubele confirming the plan will result in job losses.

December 14, 2023 11