Moody’s sceptical on Tito Mboweni’s pay cuts

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Moody’s sceptical on Tito Mboweni’s pay cuts
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Cosatu prepares for a confrontation with president’s administration over cuts in public sector bill

Moody’s Investors Service, the only agency with an investment-grade rating on SA’s debt, voiced its scepticism on Thursday about proposed cuts in the public sector wage bill.

This as Cosatu prepares for a confrontation with President Cyril Ramaphosa’s administration over finance minister Tito Mboweni’s plans.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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