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S&P Changes its Tune on Wage Negotiations, Sounding More Positive

SOUTH AFRICA
  • S&P: S.AFRICA GOVT, UNIONS MAY SETTLE CLOSE TO CPI ON WAGE HIKE
  • This is an improved outlook against previously sceptical forecasts for the wage agreement from credit agencies.
  • Although things have been looking positive given Govt's firm stance thus far on the fiscal consolidation, the agreement remains a 1Y deal and will be subject to constant renegotiation and uncertainty going forward
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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