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Cosatu Slams 3% Wage Increase for Ministers; Ramaphosa Anti-Corruption Stance Faces New Test

SOUTH AFRICA

LOCAL NEWS

  • Union Cosatu slams govt’s proposed 3% wage hike (CPI is 5.7%) for public servants including ministers, MPs, Judges & Magistrates – saying they don’t deserve an increase. The union is calling for salary cuts for politicians and judges – 702 CapeTalk
  • New test for Ramaphosa’s corruption resolve emerges as ANC Women’s youth league leader Bathabile Dlamini Zuma faces the step aside rule due to her perjury conviction.
    • Supporters of the Women’s youth league have argued that the rule does not apply to her as she had the option of a fine, but this could undermine Ramaphosa’s strict anti-corruption stance and open the door for rivals like Ace Magahsule to question the rule.
    • The ANC top 6 discussed the matter on Monday and a verdict is due this week – BusinessDay
  • Fuel prices are set to rise at midnight tonight with 93 petrol +R0.23/L, 95 petrol +R0.36/L, Diesel +R1.52-1.69/L & illuminating paraffin +R2.66/L. This comes after goct dampened the impact with a R1.50/L cut to its fuel levy for a two month period – costing the Treasury R6bn. – 702 CapeTalk
  • Striking mine workers are set to lose a month of pay as the impasse over wages reaches its fourth week. Talks with the employer remain deadlocked with unions still demanding a R1000/month increase vs the prior offer of R700 - BusinessDay
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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