The Labour Relations Act provides for the self-regulation of Industries through the medium of Bargaining Councils. MIBCO is a Bargaining Council as envisaged in the Act whose mission is to create and maintain industrial peace and stability in the Motor Industry. It provides the following services to approximately 14 000 Employers and 182 000 Employees throughout the RSA. Forum and facilities for Collective Bargaining, Settlement of Labour Disputes, Provision of Social Benefits for the upliftment of all persons falling within the Industry, i. e. Pension, Provident, Medical, Sick, Accident, Maternity and Holiday Pay Funds. It consists of representatives from both Employers' and Employees' Organisations and has equal representation from both groups (see Organagram) . The Agreements negotiated by the Council are, where necessary, extended by the State to cover the entire Industry once satisfied that the Parties to the Council are in the majority.

Resolve disputes between employer and trade unions admitted to Council; and its employees for the Chemical Industry. Prevent and resolve disputes. Negotiate collective agreements on matters of mutual interest. Implement, monitor and enforce its collective agreements.

Collective Bargaining & Dispute Resolution Meganism Forum. The registered scope of the Council includes the whole of the undertakings, industries, trades and occupation of Transnet in Republic of SA.