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Government Prepared to Raise Civil Servant Salaries

SOUTH AFRICA
EM Bulletmarkets-real-timeBulletEmerging Markets
  • In the latest wave of negotiations with civil servants, the government are proposing a 4.5% pay rise for this year, according to the Daily Maverick. The proposals come despite the government’s pledge to freeze pay in an attempt to control government spending. An alternative option being considered is a sliding scale of pay rises, ranging from 3.5% to 6%. The union’s demands remain 10%.
  • Financing of relief for the KwaZulu-Natal floods has been clarified, with the finance minister stating that monies will be from other programmes across human settlements and other departments. Separately, a Treasury spokesman said that money would be taken from various grants to cover relief measures.
  • Tax filing season across South Africa will begin earlier than expected, with an announcement seen at some point today, according to Moneyweb. The filing date will supposedly be brought forward to July 1st and run until October 24th.
  • South Africa’s May PMI is due in 10 minutes’ time and is expected to slip to 49.8 from 50.3.
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  • In the latest wave of negotiations with civil servants, the government are proposing a 4.5% pay rise for this year, according to the Daily Maverick. The proposals come despite the government’s pledge to freeze pay in an attempt to control government spending. An alternative option being considered is a sliding scale of pay rises, ranging from 3.5% to 6%. The union’s demands remain 10%.
  • Financing of relief for the KwaZulu-Natal floods has been clarified, with the finance minister stating that monies will be from other programmes across human settlements and other departments. Separately, a Treasury spokesman said that money would be taken from various grants to cover relief measures.
  • Tax filing season across South Africa will begin earlier than expected, with an announcement seen at some point today, according to Moneyweb. The filing date will supposedly be brought forward to July 1st and run until October 24th.
  • South Africa’s May PMI is due in 10 minutes’ time and is expected to slip to 49.8 from 50.3.