| SUNDAY, 6 APRIL 1997
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Mboweni's new labour Bill could bust the Budget
CAROL PATON
LABOUR Minister Tito Mboweni's proposed minimum standards
legislation has sparked panic among his cabinet colleagues as they
realise it is too costly to implement in the public service.
A source close to the Department of Finance said that imposing the
Bill on the public service would break the Budget.
"The Budget is already cut to the bone. Anything that increases the
cost of employment is a non-starter. You would have to have a way
out for the government," said the source.
The Employment Bill - formerly known as the Employment Standards
Bill - will be put before cabinet on April 16.
The Bill has already been criticised by employers for increasing
payroll costs - some estimate by as much as 20%.
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Top funds get the risk and return mix right
LEIGH ROBERTS
YOUR choice of unit trust fund can have a dramatic effect on your
long-term financial wellbeing.
The quarterly results of the funds, released this week, once again
show how important it is to back a winning horse.
Had you invested your money in the best performing fund over three
years, Sage Financial Services, you would have been 35% richer.
In stark contrast, the worst performing fund over the period,
Standard Bank Gold, would have wiped 3.5% off your savings.
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BT TECH
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BT INTERACTIVE
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In BT Technology this month: Bill Gates, the top IT personalities in SA, oceans of computing, shopping by cellphone and lots more.
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You can now interact with Business Times via our new moderated discussion forum.
Submit your comments on the current topic dealing with the partial privatisation of Telkom.
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BUSINESS TIMES POLL
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SPECIAL EVENTS
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Have your say by voting on this week's hot topic:
Following the announcement of the partial privatisation of Telkom, do you believe that it will become more competitive and customer friendly?
Yes or
No
Once you have voted, this page will automatically reload and the latest poll results will be displayed.
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Bill Gates, Chairman/CEO of Microsoft
Corporation, visited South Africa from 3-7
March 1997. Business Times had a
one-on-one interview with Mr Gates.
Browsers were invited to submit questions
to Mr Gates which Business Times incorporated in its interview with him. You can now read the transcript of the interview online or listen to the audio.
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GET GRAPH-TING
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CYBERCARDS
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Stock IXCHANGE is Windows software that displays graphs of
shares, unit trusts and other financial instruments. Simply
click on the logo and the relevant graph will
appear. But first you'll need to download Stock IXCHANGE Lite to use this service
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Send an online birthday or postcard to friends and family anywhere in the world - instantly and at no extra cost! Choose the illustration you like, write a personal message, and your aquaintances will receive a little piece of you by e-mail. No more excuses...
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