- Title
- Insurance Second Amendment Act and the Demutualisation Levy Bill
- Creator
- COSATU
- Subject
- COSATU
- Date
- Aug 1998
- Type
- text
- Identifier
- http://hdl.handle.net/10962/109835
- Identifier
- vital:33194
- Description
- COSATU has for many years been campaigning for the democratisation of the Mutuals in order to see to it that their considerable resources could be used more effectively in promoting economic development. In our 1996 Social Equity and Job Creation document COSATU, together with the other major trade union federations, argued that: "Mutual insurance companies such as Old Mutual and Sanlam are nominally controlled by policy-holders, but in practice are controlled by their managers. These companies control and manage large sums of provident fund contributions from workers yet grant no real ownership rights to workers". On this basis we proposed that: "Organised labour and other representatives of policy holders, be given immediate representation on the governing structures of the mutual companies, and that these companies be requested to commence negotiation through Nedlac on this proposal. Thereafter, appropriate legislative changes should be introduced through parliament."
- Format
- 3 pages, pdf
- Publisher
- Congress of South African Trade Unions (COSATU)
- Language
- English
- Rights
- Congress of South African Trade Unions (COSATU)
- Rights
- No part of this publication may be reproduced or transmitted in any form or by any means without prior permission from the publisher
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details | SOURCE1 | Cosatu's submission on demutualisation levy bill 18 August 1998.pdf | 106 KB | Adobe Acrobat PDF | View Details |