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Eskom to Implement 1.5% Wage Increase in Line with Fiscal Goals, Unions Yet to Respond

SOUTH AFRICA
  • Eskom says it will implement its final 1.5% wage offer to unions as of July 1st - EWN
  • This is a strong move from Eskom in line with Govt's fiscal consolidation trajectory against initial calls for 15% from unions.
  • Whether unions accept this or not is another story, and highly unlikely - but we'll have to await their response on this first
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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