Lukanyo Mnyanda Editor: Business Day

The government is having “serious conversations” with labour unions as it seeks to cut a wage bill that’s constraining its ability to provide services and avert a credit-rating downgrade, says deputy finance minister David Masondo.   

“We really need to shift our expenditure from consumption and wages,” Masondo said at a function hosted by the Association of Black Securities and Investment Professionals in Sandton on Thursday night. “We are in serious conversations with the labour movement on this matter.”

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