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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.
May 24 2012 15:29
The Reserve Bank will maintain current interest rates, says governor Gill Marcus.
May 23 2012 22:00
Economic liberation or the lack thereof is the most divisive issue in the country, according to a survey.
Johannesburg - The
Public Servants Association (PSA) said its members were back at
work on Monday while they were considering a response to government's
latest wage offer.
"The PSA is not going on a strike today (Monday). We called our members
back to consult with them," said PSA Cape Town manager Koos Kruger.
Kruger said the union was considering ways to co-ordinate its possible
labour actions with unions aligned with the Congress of SA Trade
Unions (Cosatu).
If a wage resolution was not reached, the PSA might go on strike by
Friday or early next week.
Public servants were demanding an 8.6% salary increase and
a housing subsidy of R1 000, backdated to April 1.
The government was offering a 6.5% salary increase and a R620 housing subsidy with effect from July 1.
- I-Net Bridge