Cosatu branded Finance Minister Tito Mboweni's BudgetSpeech2020 budget 'provocative' and his plans to curb the civil service wage bill an unwarranted attack on workers.
Parliament - The Congress of South African Trade Unions on Wednesday branded Finance Minister Tito Mboweni's 2020 budget "provocative" and his plans to curb the civil service wage bill an unwarranted attack on workers.
Mboweni said government would trim R160.2 billion off the public wage bill over three years, which will see consolidated compensation spending contract by about one per cent in real terms over the medium term. The minister said he believed the labour movement and the treasury would "find each other" on the subject, but Cosatu took a combative stance.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2020: ‘Tito Mboweni will be walking a tax tightrope’ | Cape ArgusBudget 2020: A tax expert said Finance Minister Tito Mboweni would be walking a tightrope if he wanted to use more tax to raise government revenue.
Read more »
Budget 2020: Sympathy for Mboweni from opposition as Cosatu rattles sabers - The Mail & GuardianBudget2020: Opposition parties have mainly welcomed Finance Minister Tito Mboweni’s budget speech, saying he did not have much room to manoeuvre.
Read more »
Budget 2020: Read Finance Minister Tito Mboweni's full speechThe full text of the speech prepared for delivery by Finance Minister Tito Mboweni during his second National Budget speech. Budget2020
Read more »
Tito Mboweni’s full 2020 budget speechAll the details — from the economic context and strategy to tax adjustments
Read more »
Budget 2020 — Tito squares up to unions with wage cuts - The Mail & GuardianFinance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget. Budget2020
Read more »