Employees at the beleaguered IDT have been given a three-month extension of their contracts
In a last-minute save, 90 employees of the ailing Independent Development Trust have been given a three-month extension of their contracts, despite plans by the department of public works and infrastructure to dissolve the state-owned company.
After the removal of the previous board in 2018, an interim four-member board was appointed at the beginning of the 2018-2019 financial year. The board, led by chairperson Thlotse Motswaledi, has been unable to stabilise the organisation. This has led to ongoing issues such as financial sustainability, increased risk of litigation against it and the restructuring of the organisation remaining unresolved.
In her letter to the board, De Lille rejected the funding request saying that the entity had already received half a billion rand in bailouts over the past few years, but these bailouts have done little to turn the entity around. The IDT’s infrastructure programmes have come to a halt as the country continues its 21-day lockdown in a bid to curb the spread of the coronavirus.
Despite the decision to extend employee contracts, the future of the entity remains unclear. The union has requested to meet with the minister to discuss the matter but Xaba says that has not yet been confirmed as things are “hectic … due to the Covid-19 and we hope to meet her very soon”.
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