Tag: wage bill
South Africa’s largest trade union federation COSATU said on Wednesday that it would not allow workers’ wages to be slashed, after Finance Minister Tito Mboweni used a budget speech to promise cuts to the public sector wage bill.
As part of the Gauteng budget infrastructure development received additional funding to support key projects. CNBC Africa spoke with Gauteng Infrastructure Development MEC Tasneem Motara for more.
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.