State unlikely to freeze public-sector wages for three years, says Fitch
11 May 2021 - 15:02
As parties in the Public Service Co-ordinating Bargaining Council (PSCBC) continue to look for mechanisms to break the wage deadlock, Fitch Ratings said on Tuesday the government is unlikely to meet its goal of freezing public-sector salaries for three years.
The wage bill has been increasing exponentially over the years, escalating from R154bn in 2006/2007 to R518bn in 2018/2019. It increased to about R630bn in the past financial year...
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