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
Global enterprise tech spend pushed by secular, pulled by cyclical
Global spending on technology products by businesses and governments will grow 5.8% in 2025, adjusted for inflation and currency movement, which is over twice the pace of GDP, according to Oxford Economics’ latest forecasts. Adding the impact of prices and currencies, global enterprise tech spend will increase 7.6%, exceeding $6.5.
Find Out More
Post
After the presidential debate, the US election remains a toss-up
Though Vice President Kamala Harris' chances of winning the election have improved since her debate with former President Donald Trump, we aren't changing our subjective odds for the outcome of the 2024 presidential contest.
Find Out More