Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
Johannesburg - South African public servants, who are among the
best-paid civil service employees in Africa, have had increases of up
to 56% since 2006. During the same period inflation rose only 30%,
said economist Mike Schüssler.
Government officials’ salaries have shown the third-highest rise
over this period, just behind the electricity and construction
industries, though the latter came off a lower base, said Schüssler of
economists.co.za.
On Tuesday more than one million public service officials went on
strike after after negotiations with the department of public service
and administration reached a stalemate.
Trade federation Cosatu is demanding an 8.6% salary increase with a R1 000 housing allowance.
Schüssler said South Africa is already spending 12.2% of its gross
domestic product on public service salaries – one of the highest
figures globally.
According to Schüssler, a strike lasting only one day is not a
significant problem for the South African economy but a longer strike
would cause problems.
- Sake24.com
For business news in Afrikaans, go to www.sake24.com.