Research Briefing | May 31, 2021

South Africa: Public sector wage bill set to increase further

The South African government has been struggling to rein in the public sector wage bill in the past. This seems to be the case again this year as National Treasury already extended an offer that will exceed its own budgeted figure for FY 2021/22. We examine what impact this offer will have on the fiscus.

Copy of Ipad Frame (26)What you will learn about:

  • Wage bill increases in the past have exceeded inflation comfortably
  • Labour unions came out swinging with double-digit demands
  • Fiscal deficit to widen with current offer on the table
Back to Resource Hub

Related Services

Post

What AI means for economies, businesses, jobs & cities

Artificial Intelligence has the potential to fix the world's productivity problems, just as previous general purpose technologies such as steam power, electricity, and computers have, in our view.

Find Out More

Post

Australia: Flight to quality occurring but secondary markets may not be doomed

We believe the most significant policy measures to come through in the budget for residential building are the announced tax tweaks for build-to-rent (BTR) development.

Find Out More