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Unions Reject Public Sector Wage Freeze, Threaten Strikes

SOUTH AFRICA
  • SOUTH AFRICAN PUBLIC-SECTOR UNION REJECTS GOVERNMENT PAY FREEZE (as expected given demands for +7.1% rise)
  • SOUTH AFRICAN PUBLIC-SECTOR UNION WARNS IT MAY STRIKE OVER PAY
  • This battle will be critical in discerning the government's ability to bring about the fiscal consolidation envisioned in the budget - and will be watched closely by credit rating agencies
  • However, years of placating unions with above-CPI raises have strengthened unions, making this a difficult task to achieve
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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