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Planning Commission Slams Public Wages Approach; Mboweni Delays Treasury Report

SOUTH AFRICA

LOCAL NEWS

  • Planning commission says Govt's approach to trimming the public sector wage bill through widespread retrenchments is not helpful.
    • Notes an imbalance due to a shortage of high-skilled employees in public service and personnel costs not being aligned to budgeting which was critical.
    • Also urges a shift in how wage negotiations are conducted, strengthening of municipal financial management and modernisation of tax revenue collection
  • FinMin Mboweni calls for extension to submit Treasury's annual report and financial statements, saying Covid & delays from the Auditor General's office have created challenges.
    • Asked Parliament the the document be delayed to March - News24
  • Report says vaccines may not work as well against the SA covid variant (501Y.v2) with the mutated strain being more effective in evading antibodies.
  • Pfizer says is could update its shots in 6 weeks to combat this - Business Insider
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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