The trades union federation says it’s concerned about behind the scenes efforts to scupper the bill, which is aimed at strengthening governance, accountability and transparency in the dealings of the PIC.
CAPE TOWN - Cosatu says it wants the Public Investment Corporation Amendment Bill dealt with by the National Council of Provinces before it rises at the end of March ahead of the May elections.The trades union federation says it is concerned about behind the scenes efforts to scupper the bill, which is aimed at strengthening governance, accountability and transparency in the dealings of the PIC.
Cosatu says the amendment Bill is badly needed, given what’s being exposed at the judicial inquiry into the PIC headed by retired Judge Lex Mpati. But the federation’s Matthew Parks says it’s aware of covert attempts to kill the bill."We know there are powerful individuals with vested interests in the PIC who are seeking to collapse the bill, and Cosatu will stop at nothing to stop them."Parks did not name the individuals.
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