The trade union federation has warned doing so would not solve the struggling utility’s governance and debt problems.
The Congress of South African Trade Unions (Cosatu) says it does not support a proposal to split up Eskom into three different entities.
The trade union federation has warned that doing so would not solve the struggling utility’s governance and debt problems.
The proposal to split Eskom into three separate firms was reportedly made by a task team appointed by President Cyril Ramaphosa.
Cosatu’s first deputy president Michael Shingange says any unbundling would result in retrenchments.
“When you unbundle and turn debt into equity, as they say, we [Cosatu] view that as part of retrenchment. Even if you don’t pronounce that you’re going to restructure or privatise, we view it as privatisation because you are going to invite private ownership.”
By Diamon Naga Siu for Mashable
Facebook may have grown to a point where it’s too big for its own good. Or anybody’s, for that matter.
The largest U.S. media and communications labor union, Communications Workers of America, is adding fuel to that point of view. It’s just joined the Freedom from Facebook Coalition, which is petitioning the Federal Trade Commission to break up the growing “monopoly” power of Facebook.
Blazoned atop the coalition’s website reads: “Facebook has too much power over our lives and democracy. It’s time for us to take that power back.” The coalition, which includes social activist groups like Demand Progress and MoveOn Civic Action, wants the FTC to separate WhatsApp and Instagram as separate companies, away from Facebook’s control.
CWA Communications Director Beth Allen told Mashable that the group was concerned about the social media giant’s growing power. And the labor union is not the only one with such a concern.
Facebook is already under the microscope of a federal investigation from the FTC for its Cambridge Analytica data scandal, and there are dozens of privacy lawsuits against the social media giant right now. Before things get any better for Facebook, they’ll probably get worse, at least from a legal perspective.
The CWA also has a lawsuit against Facebook, alleging that the way the company targets job advertisements leads to age discrimination. Allen told Mashable that joining this coalition could offer the group a larger platform for the union’s legal battle against Facebook.
“We have been looking closely at Facebook, and the coalition that was forming was interesting to us because we wanted to be able to shed more light on this age-discrimination issue,” Allen said. “We just want to make sure regulators are doing what they can to limit Facebook’s power and ensure that Facebook is not engaging in any discriminatory behavior.”
We’ll see whether the FTC will actually splinter the monolith, but it’s far from the first time Facebook has been accused of being a monopoly. When questioned about the issue before Congress in April, CEO Mark Zuckerberg said Facebook “certainly doesn’t feel like [a monopoly] to me.”
The list of others who feel differently is growing, and it may eventually enlarge to the point where Zuckerberg can’t just casually dismiss them.
Pyrotechnical Marketing (Pty) Ltd (Pyrotec), which includes TOWER, PackMedia and PackMark, has been operating as one company for the past 50 years. In the last two years, the PackVerifi, Pyrotec Finance and PackLink brands have been added to the company’s service offering.
‘These new brands relate to PackMark and PackMedia, both servicing industrial sectors. However, TOWER, which incorporates office and hardware products, kid’s and signage ranges and MyTowerLabels, serves completely different industries – retail and commercial customers,” says Rowan Beattie, Pyrotec’s MD.
“As markets and customers continually evolve, and their requirements become more demanding and specialised, we have decided to separate TOWER from the Pyrotec brands to enable each company to focus on its strengths and continue to grow within its markets,” Rowan adds.
TOWER will move to new facilities with ownership and leadership in the hands of Stephen Beattie, Managing Director and his current team.
As southern Africa’s largest business stationery and home label supplier, the TOWER brand is dedicated to supplying self-adhesive labels that make your life easier. “We pride ourselves on delivering the broadest range of high-quality products to meet consumers’ needs,” says Stephen.
Products include general stationery labels that help consumers to identify items, provide important information, and assist with office and home organisation. TOWER also supplies A4 printable products and accessories that boast the most technologically-advanced inkjet-laser labels – the only African label brand to feature templates on Microsoft software – and a range of superior-quality photo paper. Other ranges include hardware products and signage for business and home environments, and MyTowerLabels’ simple, reliable labelling solutions for school stationery, uniforms and clothing items. ‘Our labels are tried and tested to mark and protect our customers’ valuables,’ Stephen explains.
The TOWER kid’s range of products encourages children to engage in educational activity-based fun while developing new creative skills. The products focus on building fine motor skills, encourage sensory play and promote problem solving skills.
Products include an extensive activity based Arts ’n Crafts range, the Little Genius range that engages children’s curiosity for exploration and discovery, Splash ’n Learn bath activities, and the Reward Sticker range that focuses on building self-esteem in the classroom environment.
For the Pyrotec brands – PackMedia, PackMark, PackVerifi, Pyrotec Finance and PackLink – it’s business as usual with Timothy Beattie as General Manager of PackMedia and Brandon Pearce General Manager of PackMark and their relevant teams. Rowan continues to be involved with the day-to-day activities of Pyrotec with his experience going back over 50 years. Pyrotec is renowned for its innovative production focus and long-standing relationships with customers and suppliers.
Lexmark International could be following HP and splitting its business, according to Reuters.
The US Federal Trade Commission (FTC) is split over whether to approve the Staples acquisition of Office Depot, according to the New York Post.
Hewlett-Packard has announced that it is splitting into two separate, publicly traded companies. More details have now emerged on the split.