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SOUTH AFRICA: Government Worker’s Union Presses for Sizeable Pay Rise

SOUTH AFRICA
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  • Public servants are pressing for a 12% wage hike for 1.3mln government workers as well as grants including housing payments (ZAR 2,500) and a danger allowance, performance bonuses, bursary schemes and a transition to permanent employment for a large number of workers, according to Business Day.
  • Government ministers have stepped up efforts to unlock intra-African trade via high level engagements with both large business and SOEs across the continent, according to Business Day.
  • Business Live investigates the launch of the two-pot retirement system, estimating that credit retailers and value retailers are likely to be the biggest winners from the changes, with retails expected to receive between ZAR 40-50bln via unlocked funds.
  • Current account balance stats cross later today, with Q2 stats expected to show the deficit at 1.0% of GDP, down from 1.2% prior. Electricity consumption numbers, a proxy for economic activity and GDP growth, follows at 1200BST.
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  • Public servants are pressing for a 12% wage hike for 1.3mln government workers as well as grants including housing payments (ZAR 2,500) and a danger allowance, performance bonuses, bursary schemes and a transition to permanent employment for a large number of workers, according to Business Day.
  • Government ministers have stepped up efforts to unlock intra-African trade via high level engagements with both large business and SOEs across the continent, according to Business Day.
  • Business Live investigates the launch of the two-pot retirement system, estimating that credit retailers and value retailers are likely to be the biggest winners from the changes, with retails expected to receive between ZAR 40-50bln via unlocked funds.
  • Current account balance stats cross later today, with Q2 stats expected to show the deficit at 1.0% of GDP, down from 1.2% prior. Electricity consumption numbers, a proxy for economic activity and GDP growth, follows at 1200BST.