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Pay Disputes Linger Despite Amplats Deal

SOUTH AFRICA
  • Today sees the signature of the wage deal agreed between unions and Amplats, a formality following the agreement made on Tuesday this week. The deal sees wage agreements across the next five years, and will come into effect from July onwards. The deal sees wages rise by R1,100 pm in year one, and up to R1,500 increase in year five.
  • Elsewhere, strikes across South Africa’s tax collection agencies are to target ports initially, according to the Public Servants Association, in a dispute over pay. 6,000 workers are to up tools, as workers rejected an offer for a 1.3% pay rise and a R3,000 one-off bonus. The union is demanding a pay rise of 11.5%.
  • BusinessLive cites the DG of the Treasury as saying that of the 257 municipalities in South Africa, 170 are in “financial distress” and thereby require Treasury intervention – but the Treasury cannot cope with the demands. Mogajane added that 43 of those municipalities qualify for government intervention as prescribed in SA’s constitution.
  • EWN reports that South Africa has passed the peak of the current wave of COVID19, according to the head of the Centre for Respiratory Diseases, with the North Cape the only province in which cases are rising. * PPI data due later today is expected at 0.9% M/M, 12.0% Y/Y.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Markets News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Markets News

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