FINANCIAL THREAT
State to forge ahead with public sector wage bill cuts
Successful efforts in slashing wage bill are vital to stave off a rating downgrade from Moody’s Investors Service
09 July 2019 - 05:10
The government is forging ahead with plans to trim the unsustainable public sector wage bill, a stance likely to put it on a collision course with its labour allies.
The public servants’ salary bill is one of the biggest threats to SA’s finances and successful efforts in slashing it are vital for the country to stave off a rating downgrade from Moody’s Investors Service, the only agency still ranking government debt on investment grade...
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