SA’s resolve in achieving fiscal reform will be tested this week in the medium-term budget policy statement as we face up to the question of public-sector wages.

This comes about a year after the Treasury promised to cut employee increases to rein in expenditure as part of a final push at avoiding a ratings downgrade to junk status in the first quarter of this year...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now