Transport and General Workers Union: congress report financial progress report for period July 1988 to November 1989

In reviewing the developments in T&G finances over the past eighteen months, we can safely say that T&G finances have certainly stabilized over the period. However, in case we get too excited at this news, a note of caution. While our income from subscriptions has steadily improved, due mainly to the Congress ’88 increase in rate (from R3 to R4); our expenditure has in relation also increased to the point that if we continue with our current expenditure pace of October ’89 and November 89, we will soon return to our previous problem of constant threat of bank overdraft! We are a long way off self-sufficiency and still rely heavily on our overseas funders for assistance in the areas of legal fees and our education programme. This report will focus on both the positive developments in T&G finances over these past eighteen months, as well as the problem areas which we need to seriously tackle from here