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Unions Likely to Buck 1.8% Wage Increase Over the Next 3 Years

SOUTH AFRICA
  • The Treasury has allotted for a 1.8% increase to the public sector wage bill over the next three years, and this is likely to set the scene for difficult talks with Unions - set to kick off next month
  • 20.5 billion Rands allocated to meet the cost implications of the 2021 public-service wage agreement in 2022/23
  • This is among the primary risks to the fiscal consolidation that need to be monitored 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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