5 important things happening in South Africa today

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5 important things happening in South Africa today
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Ramaphosa promises policies to tackle rising fuel and food costs in South Africa; Treasury takes hold of public sector wage talks; flight prices in South Africa have more than doubled; and it was win some / lose some for reform at the ANC’s policy conference.

For the first time since the dawn of democracy in South Africa, the finance minister – and not the public service minister – will spearhead wage talks with public servants. This comes as National Treasury takes a keen interest in this particular budget item, which absorbs over a third of annual spending by the state. Treasury is determined to keep the R665 billion budget item under control.

However, not as many business travellers are flying due to a shift in travel. [It was win some / lose some for president Cyril Ramaphosa at the ANC’s policy conference this weekend, with some core policies of his administration – such as the step-aside rule – remaining firm at the end of the discussions and debates. However, some other policies – such as the economically damaging call to speed up the nationalisation of the South African Reserve Bank – also gained traction.

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