South Africa | Public sector wage bill set to increase further
The public sector wage bill is one of South Africa’s largest line items on the expenditure side, accounting for roughly one-third of total expenditure. In an effort to reduce remuneration costs, the government has opted to “freeze” the wage bill over the next three years. However, unions were not happy and forced the government’s hands to revise its offer. What will the impact of this new offer be?
What you will learn:
- The public sector wage bill has increased rapidly over the past couple of decades
- Unions are swinging for the fence with insane demands
- Government will have to reprioritise spending or overspend
Tags:
Related Services
Post
Food prices to bottom out in 2024, risks skewed to upside
Our baseline forecast is for world food commodity prices to register an annual decline this year, in aggregate, reducing pressure on food retail prices further downstream. However, we believe the risks to this forecast are overwhelmingly skewed to the upside.
Find Out More
Post
Battery raw material prices to recover
Battery raw materials prices bottomed out last quarter and we think a sustained recovery is looming. Midstream EV battery manufacturing activity has picked up again and inventories have returned to historical levels, suggesting upstream demand for raw materials will also bounce back.
Find Out More