Business
Trade Unions Demand End To Discriminatory Wage System
The Congress of South African Trade Unions (COSATU), have called for an end to the apartheid wage system which worsens inequality in the country.
“We have come to call for the abolition of the apartheid wage structure, the creation of strong collective bargaining institutions in all sectors of the economy, and a comprehensive social security protection for the unemployed,’’ COSATU President Sidumo Dlamini said.
Dlamini stated this at the COSATU Bargaining, Organising and Campaigns Conference taking place in Boksburg near Johannesburg.
The conference will, among others, consider proposals on measures to transform the apartheid wage structure and craft a new national wage policy.
“These proposals must include a National Minimum Wage, mandatory centralised collective bargaining, as well as ensuring social protection for the unemployed,’’ Dlamini said.
This will include innovative bargaining strategies which will move us away from an over-reliance across-the-board percentage increases, as well as challenge entrenched discriminatory grading systems.
“While global capitalism attacks ‘the working class’, the ruling class increasingly rewards itself with grotesque pay and bonuses, engages in corrupt practices, and isolates itself from the rest of society by creating a privatised cocoon for itself,’’ Dlamini said.
“The working class is confronted with growing unemployment; a growing precariousness of employment, declining household incomes, reduced pensions and reduced social services.’’
He said COSATU will not allow the current generation of workers whether in South Africa or elsewhere in the world to be treated as slaves in the name of global recession when there is enough wealth to feed the world.
“Even if that employer is our own popular government which we voted and will continue to vote for, but when they threaten to take that which belongs to us as workers we will not hesitate for a moment to demand and claim it back by force if needs be!,’’ he warned.
The conference, he said, will send a clear message to all employers that the workers will properly claim and maximize what belongs to them.
“We have come here to make a simple and loud call for all to hear that we want our political freedom to be in line with and harmonised with our economic freedom now!’’
He also reaffirmed that workers have the right to go on strike.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
