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FinMin Plays Fiscal Hardball With Unions in 2022-23 Budget Estimate

SOUTH AFRICA
  • S. AFRICA 2022-23 BUDGET EST DOESN'T INCLUDE A GOVT WAGE HIKE
  • This is some fiscal hardball from FinMin Gondongwana with the unions after a hard fought battle over public sector wages this year
  • Which govt arguably won with a dramatic reduction from union demands to a below inflation increase after years of caving to union pressure for affordable above-inflation rises
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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