"Union told to repay pension millions"This was the misleading newspaper report that greeted readers of The Times of August 6.
In the story the newspaper claimed that the Numsa Investment Company (NIC) (not Numsa!) had borrowed R100 million from the Public Investment Corporation (PIC) just over a year ago to buy Doves.
However it claimed the NIC had broken the terms of the agreement, and therefore the PIC was taking the NIC to court and demanding the money back plus interest.
NIC CEO Tony Kgobe addressed Numsa's August NEC and promised to give more detailed input at the next NEC in September.
When the NIC was set up, it was set up as a separate body from Numsa. In other words if the NIC got into trouble, Numsa would not have to bail it out and vice versa.
The NEC agreed to ask those Numsa people who sit on the Numsa Investment Company Board (ie Silumko Nondwangu, Mtutuzeli Tom, Philemon Shiburi) to confirm that this is still the case.
The NEC was also concerned that the Union's name is being dirtied by these allegations and wanted to make it clear that the matter was between the NIC and the PIC and Numsa had nothing to do with it.
The four commissioners – almost 60 combined years of holding leadership positions in Numsa
Motsamai Ponya – a founder member of NUM in 1980 along with Cyril Ramaphosa and Elijah Barayi. Was dismissed in the big miners strike in 1987 and got a job at Andrew Mentis where he is still working.
Chairperson of the Wits Central West region.Reuben Nkontwana – joined Numsa in 1988 and has been a shop steward since then at KMP Engineering in Durban.
Vice chairperson of the KZN region.Zanoxolo Wayile – joined Numsa in 1988, became a shop steward at Continental Tyres in Port Elizabeth in 1995.
Chairperson of Cosatu Eastern Cape province and Numsa Eastern Cape CC rep.Thabang Tsiboli – joined Numsa in 1994, became a shop steward at Alstom, John Thompson in 2003. Chairperson Western Cape.
Source
Numsa News