TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Sarb tells banks they should work with crypto exchanges

      18 August 2022

      iPhone 14 launch date targeted for 7 September

      18 August 2022

      Icasa moves to license more broadband spectrum

      17 August 2022

      Eskom to impose more load shedding

      17 August 2022

      Tiger Brands to go solar – to start with four manufacturing plants

      17 August 2022
    • World

      China blasts US over ‘discriminatory’ Chips Act

      18 August 2022

      Tencent reports first-ever sales decline

      17 August 2022

      Chip makers are flashing a big warning for the global economy

      17 August 2022

      Semiconductor boom turns to bust

      16 August 2022

      Tencent plans to offload R400-billion Meituan stake: sources

      16 August 2022
    • In-depth

      Are you a chronic procrastinator? Read this!

      18 August 2022

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Africa Data Centres
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»Public sector wage deal to cost taxpayers R20-billion

    Public sector wage deal to cost taxpayers R20-billion

    News By Agency Staff25 August 2021
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    The Union Buildings in Pretoria, the seat of government. Image: JW Hurter

    A wage agreement between government and civil servants for the 2021/2022 fiscal year will cost about R20-billion, national treasury said on Wednesday.

    Government and public sector employees struck a one-year deal last month for a 1.5% salary increase plus a cash payment after several months of negotiations.

    Trade unions initially demanded far larger, above-inflation increases. The government wanted to keep salaries flat to rein in a gaping budget deficit exacerbated by the Covid-19 pandemic. But when talks reached a deadlock and unions threatened strike action, the government softened its position.

    Work is ongoing on how to address the wage agreement within the current constrained environment

    National treasury said in a presentation before a parliamentary committee that the R20-billion cost was above the compensation ceiling contained in the February budget. “Work is ongoing on how to address the wage agreement within the current constrained environment,” the presentation said.

    Government’s wage bill, accounting for about a third of consolidated spending, has been a major concern for credit-rating agencies that have downgraded South Africa’s sovereign debt to “junk” status.  — Reported by Alexander Winning, (c) 2021 Reuters

    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleEvotel joins the party, slashing fibre prices
    Next Article SA economy is R550-billion bigger after revision

    Related Posts

    Sarb tells banks they should work with crypto exchanges

    18 August 2022

    Companies are drowning in data – but solutions are at hand

    18 August 2022

    iPhone 14 launch date targeted for 7 September

    18 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    Companies are drowning in data – but solutions are at hand

    18 August 2022

    Top cybersecurity challenge is inadequate identification of key risks

    17 August 2022

    Acrobat Sign and Microsoft accelerate digital transformation

    17 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.