Tag: public servants association
During his second Mid-term Budget Policy Statement, Finance Minister Tito Mboweni asked for ‘patriotic and country-loving’ discussions with unions in order to reduce South Africa’s government’s wage bill. At almost R600 billion, the state wage bill represents about 35 per cent of projected annual spending of about R1.67-trillion. Public Servants Association's Deputy General Manager Tahir Maepa joins CNBC Africa for more.
South Africa’s Public Servants Association is raising concerns over the PIC’s investment in Eskom. The power utility’s growing debt levels is a risky investment and the PIC may not be in the position to hedge the hazard. Eskom’s supply of electricity has stabilised since the beginning of the year, however its troubles are far from over. Joining CNBC Africa to discuss the business of Eskom is Chris Yelland, Energy Analyst and Managing Director at EE Publisher.
The Public Servants Association whose members contribute most to the funds overseen by SA’s largest pension fund manager have developed a new boost of energy. It wants the Public Investment Corporation to stop investing in the debt of Eskom. A move that could pose a serious threat to find out why, CNBC Africa reporter Kopano Gumbi spoke to the union.