BUDGET ANALYSIS: It’s all about the wage bill
The risk is that the capitulation on SAA signals an inability by the government to take a tough stance on wages
It all comes down to the wage bill — this is the inevitable conclusion we reached after wading through the latest medium-term budget policy statement (MTBPS) for an hour.
SA has been spending beyond its means for several years. Going into Covid, there was a general awareness that expenditure needed to be cut and growth boosted...