MONDAY, 11.00AM
MANAGEMENT and labour at parastatal SA Forestry Company (Safcol) have reached agreement on the company’s imminent restructuring, including that it should not be split up.
Business Day on Monday quoted a document outlining areas of agreement and disagreement in the ongoing negotiations on Safcol’s privatisation, which is due go before a cabinet committee meeting that will suggestmechanisms to break the deadlock over certain issues.
Areas of dissent include the shareholding to be sold to an “international forestry products company”, with management proposing at least 51%, while labour argues control should be vested in local empowerment companies.