https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
ADVERTISEMENT
  • ABOUT US
  • CONTACT US
  • Latest Naija News Today
  • Privacy Policy
  • TheGeniusMedia – Latest News, Naija News, and World News
Friday, March 13, 2026
The Genius Media
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
No Result
View All Result
First Bank Ad First Bank Ad First Bank Ad
ADVERTISEMENT
ADVERTISEMENT

White Workers In South African To Commence Industrial Action Over Share Scheme Offer To Black Staffs

Tgmedia by Tgmedia
September 3, 2018
in Business
0
ADVERTISEMENT

“Sasol, a world leader in the technology that converts coal and gas to fuel, said in 2o17 that it would raise its Black ownership levels in Sasol South Africa to at least 25 per cent in a 21 billion rand (1.5 billion dollars) deal.”

Workers from South Africa’s mainly white solidarity union started a “go-slow” protest at petrochemicals firm Sasol over a share scheme offered exclusively to black staff and will launch a full strike on Thursday.

RelatedPosts

BREAKING: Nigeria Benefits As OPEC+ Approves Hike In Oil Production As US-Israel Vs Iran War Escalates

Dangote Explores Investment Opportunities in Burundi, Meets with President

FirstBank Hosts Nigeria Economic Outlook 2026,  Leads Conversation on Economic Growth

The solidarity union also said it will file a complaint to US regulators over Sasol’s “discriminative” black share scheme.

The company is a leader in technology that converts coal and gas to fuel and also operates in the US.

ADVERTISEMENT

“We have a staggered industrial action. Today, we have a go-slow.

“Our 6,300 members will carry out their duties, but in a slow manner. We plan to ramp up to a full-blown strike on Thursday,” Dirk Hermann, Solidarity’s chief executive said.

ADVERTISEMENT

Under Black economic empowerment rules, South African companies are required to meet quotas on Black ownership, employment and procurement as part of a drive to reverse decades of exclusion under apartheid.

Sasol, a world leader in the technology that converts coal and gas to fuel, said in 2o17 that it would raise its Black ownership levels in Sasol South Africa to at least 25 per cent in a 21 billion rand (1.5 billion dollars) deal.

Sasol which has around 26,000 employees at its local operations said it received notification from the trade union of its intent to strike on Monday and was open to engagement with the union.

“We have activated contingency measures to minimise potential disruption to our operations,” Sasol said in an emailed response.

Share this:

  • Email a link to a friend (Opens in new window) Email
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Reddit (Opens in new window) Reddit
  • Share on Tumblr
  • More

Like this:

Like Loading...
Tags: apartheidIndustrial ActionSasolSouth AfricaWhite Workers
" data-ad-slot="">
Previous Post

VIDEO: Fire destroys 200-year-old Brazil’s national museum

Next Post

PDP Presidential Aspirants: Party Affirms No Screening For Now

Related Posts

Banking

FRESH: First Bank’s #FMAP Graduates Inaugral Set Of Management Associates

by Tgmedia
July 3, 2020
0

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider,  has graduated 28 successful candidates in its inaugural FirstBank...

Read more
Sanwo Olu

FACT CHECK!!! Lagos Governor Sanwo Olu Invites Igbo Community To Seek Alliances?

March 3, 2023
N2.17trn 2023 Supplementary Budget

BREAKING: Federal Executive Council Approves N2.17trn 2023 Supplementary Budget

October 30, 2023
Next Post

PDP Presidential Aspirants: Party Affirms No Screening For Now

" data-ad-slot="">

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Copyright © 2024 TheGeniusMedia.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from The Genius Media

Subscribe now to keep reading and get access to the full archive.

Continue reading

%d