Saturday, March 07, 2015

FAWU Supports NUM in Rejecting the Sale of ESKOM Finance Company

Oscar Thomas
07 March 2015

The National Union of Mineworkers said on Friday it would oppose any attempt by cash-strapped power utility Eskom to sell assets, especially its finance company which helps provide home loans to employees.

The Food and Allied Workers Union is in full support to the call made by NUM warning Eskom not to sell the Finance Company.

FAWU general secretary Katishi Masemola said workers in Eskom and includes the fact that a slae of Eskom Finance Company is nothing but a so-called unbundling project that will seek to lay the basis for Privatisation of Eskom.

Masemola said this Privatisation by the back-door, in a form of unbundling and on the basis of raising funds, will be resisted by FAWU and, we believe, other unions and civil society formations that reject the neo-liberal policy offensive by the State and state-owned enterprises.

Masemola said we will join hands with the NUM, National Union of Metalworkers and other unions serious and committed in fighting privatisation like COSATU did in the 1990s.

“We call on Government and Cabinet to veto this unbundling project and to cease pursuing privatisation through other means” Masemola added.



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