DStv Channel 403 Saturday, 04 January 2025

Discussion | SAFTU slams council for approving R2.5bn loan

JOHANNESBURG - The South African Federation of Trade Unions (Saftu) has slammed the City of Johannesburg's R2,5-billion loan from the French Development Agency.

Council approved the loan, which will have to be repaid in 15 years. 

It's expected to help address the city's dire financial situation.

READ: City of Joburg Council passes R2.5 billion French loan

The South African Federation of Trade Unions says the council is auctioning the socio-economic well-being of residents.

Saftu spokesperson Trevor Shaku spoke to eNCA. 

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