MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Treasury Ramp Up Pressure on Unions in Calls for Unified Public Sector Salary Structure

SOUTH AFRICA

LOCAL NEWS

  • Treasury says it wants a new unified salary structure to rein in the public sector wage bill after negotiations with Unions began last week. Calls for legislation to create uniform compensation structure for all public sector managers as it battles to cut or freeze the wage bill in line with its fiscal consolidation goals – BusinessDay
  • EnergyMin Mantashe met with Sibanye & unions after workers booed Ramaphosa off the stage on Monday where he urged both parties to reach a settlement. Sibanye & Unions are set to meet again on Thursday with no sign of an agreement just yet with analysts concerned about the impact of mine closures on the industry after 8 weeks.
    • Unions AMCU & NUM threatened to escalate the strikes by spreading them to SSW’s platinum operations in Rustenburg. Wage talks in the platinum sector will commence next month – Fin24
  • Political analyst says the Eastern cape elective conference (this weekend) will be a key indicator of Ramaphosa’s chances of being ANC president for another term in December. However there are ongoing internal squabbles over the step aside rule and who is eligible to run, which risks seeing the conference postponed.
  • Ramaphsoa will hope that Mbuyane wins the majority, while a win for Madikizela would favour the RET – Daily Maverick
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.