Labour unions representing SA’s 1.3m state workers demanded 10% pay increases to help them offset soaring electricity, transport and food costs. Moneyweb wageincreases economy
labour unions representing South Africa’s 1.3 million state workers demanded 10% pay increases to help them offset soaring electricity, transport and food costs.
The remuneration of civil servants accounts for almost a third of total government expenditure and bowing to demands for inflation-beating increases would derail the National Treasury’s plans to rein in the budget deficit and bring runaway state debt under control. Credit-rating companies have repeatedly cited South Africa’s high wage bill as a major risk to state finances. The annual consumer inflation rate is currently 5.9%.
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