Financial Literacy for Everyone

How do people save across the world?
See the Financial Literacy barometer results here.
Read more

Trade unions

A trade union (also called a labour union) is an organisation of workers that want to achieve common goals for workers in the workplace. The leadership of a trade union negotiates with the employer on behalf of union members and negotiates labour contracts with employers. This may include:

  • The negotiation of wages
  • Work rules
  • Complaint procedures
  • Rules governing hiring, firing and promotion of workers
  • Benefits and
  • Workplace safety

COSATU (Congress of South African Trade Unions), NEHAWU (National Education, Health and Allied Workers Union) and the NUM (National Union of Mineworkers) are well-known trade unions in South Africa.

Employees could pay a small fee to become a member of a trade union and to share in the benefits the union will negotiate on their behalf.