Rewards group welcomes President Zuma’s pay freeze for top office bearers
President Jacob Zuma’s acceptance of the recommendation for top public office bearers to get no pay rise this year shows that "those that govern us do not exist in a golden bubble"‚ says the South African Reward Association.
The Presidency said on Tuesday that "Zuma has accepted the Independent Commission for the Remuneration of Public Office Bearers recommendations … that there would be no adjustment to the remuneration" of certain public office bearers.
The association’s Mark Bussin said: "The commission made a bold move in recommending a general wage freeze of SA Inc’s top executives‚ and the president has to be commended for acceding.
"This is a great example of nation-building because it sends a very direct message that those that govern us do not exist in a golden bubble‚ and that we are all in this together."
Bussin said the decision "also sends a very powerful signal to trade unions and public servants‚ and will set the tone for the next round of wage negotiations".
Big business should take note of the development as the "massive salaries paid to top executives and the gap between them and the lower ranks of employees has been a source of widespread dissatisfaction both in SA and globally".
"We are a very unequal society‚ and the fact that the economy is not growing is making this disparity even worse and ratcheting up social tensions. Those who lead the country and society need to exercise restraint‚ and this is an excellent foundation for rebuilding social trust and cohesion‚" he elaborated.
The Presidency said the nil adjustment would apply to all members of the national executive (president‚ deputy president‚ ministers and deputy ministers); all members of Parliament; all members of provincial executives and legislatures; all judges; local government (positions of executive mayors to whip); traditional leadership (from king/queen to full-time deputy chairmen of provincial houses of traditional leaders).