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.
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
Tags:
Related Services
Post
The Green Leap: Unlocking climate financing at COP30 for Africa
The scaling of climate finance for developing countries will take centre stage at the 30th Conference of the Parties (COP30) of the UN Framework Convention on Climate Change (UNFCCC) starting today, in Brazil. Leaders will grapple with how to plug the gaping shortfall in funds needed to help developing economies curb emissions and adapt to climate shocks. Reforming the global financial architecture will be a key discussion.
Find Out More
Post
Continental oil kings missing out on evolving oil dynamics
Uncertainty around global growth has widened the range of possible outcomes for oil consumption. While demand growth currently lags behind supply, stronger-than-expected trade or industrial activity could lift demand above projections. This brief explores whether Nigeria and Algeria are positioned to take advantage of such an upside.
Find Out More
