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Kingmaker Union PSA Agrees to Sign Public Sector Wage Deal

SOUTH AFRICA
  • *S. AFRICA PUBLIC SERVANTS UNION READY TO SIGN INTERIM WAGE DEAL
  • This should mean the official signing of the wage deal as the PSA was the unofficial kingmaker with 18% vote and 15% needed to reach a conclusion
  • This is a win for SA's fiscal consolidation push as many credit agencies were concerned that post-unrest the unions were likely to be emboldened by riots to press for a larger wage package
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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