ADDRESSING THE INVESTMENT CHALLENGE
On the 5% of investible funds to appropriate instruments, the
Nedlac parties are working on definitions of "deserving investment"
in order to establish a measure for monitoring progress.
Responsible investing - clothing sector
declaration
When targeting the financial sector in its clothing sector
Section 77 notice, Sactwu argued that banks and asset managers have
leverage over the companies in which they invest. As a result of
negotiations with the financial sector, Sactwu entered into a
declaration with several banks and asset managers that they would
encourage clothing retailers to promote higher levels of local
procurement, in an endeavour to create employment or save jobs.
Pension Fund Trustees Conference
Preparations are underway, including the development of themes,
for the Pension Fund Trustees Conference. Labour has arranged two
workshops to prepare for this, in March and June.
The constituencies have been engaging on the issue of Import
Parity Pricing through the sector summits processes.
Labour and business are going to be discussing this issue
further under the auspices of the Millennium Labour Council.
| The constituencies are still involved in internal discussions
on administered prices, redirecting investment (labour), a
framework for mobilizing resources and skills (business),
mechanisms for skills transfer to communities (business) and
efficiency and effectiveness of Stateowned enterprises
(government). |