Trial now

Mudcurve Call Fly Buy


(Z1) Remains Below Recent Highs


VP Kirchner Highlights Fiscal Failures

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.


  • Public sector wage negotiations enter the final phase as govt and unions have until the end of next week to finalise a new wage agreement.
    • 34% of unions were ready to sign the draft that was proposed two weeks ago and tabled for 21 days to allow unions to decide their positions.
    • 15% of the unions are now required to reach the 50% threshold for implementation of the deal. With Nehawu & Popcru having rejected the deal, this makes the PSA union (18%) the kingmaker.
    • SADTU says it is confident a deal will be reached
  • Economist warns that "fiscally neutral" options for a basic income grant (BIG) will cause a drag on GDP and employment due to the constrained nature of SA's narrow tax base.
    • Warns that although an income grant sounds noble, it ignores the fiscal reality of the situation and will have detrimental longer-term effects.
    • Recently Barclays warned that the introduction of a BIG would lift debt:GDP to 100%.
  • National Assembly Speaker Modise calls for extraordinary extended debate on recent unrest – to be held as soon as Parliament reconvenes in august.
  • ANC is also set to meet this weekend over racial violence in the town of Phoenix that has caused a great deal of social discomfort since the unrest