In blow to PIC, Iqbal Surve's Independent retrenches a third of its staff

Retrenched staff lay a complaint at the CCMA, as they wait for the newspaper group to pay out their agreed retrenchment packages. The retrenchments are bound to be a blow for the government’s Public Investment Corporation, which has poured R800-million into the group and has a 25% stake.

Related Keywords

China ,Chinese ,Lucien Jacobs ,Public Investment Corporation ,China Africa Development Fund ,Audit Bureau Of Circulation ,Arena Holdings ,Zayo Group ,Independent Newspapers ,China International Television Corporation ,Cape Times ,Sekunjalo Investment ,Labour Relations Act ,Audit Bureau ,Sunday Times ,Companies Act ,Independent Group Iqbal Surve Newspapers Retrenchment Tim Cohen ,