Macro Analysis /
South Africa

South Africa: Public sector unions accept government’s wage offer

  • Treasury has budgeted 1.5% wage hike but ZAR 18bn for cash gratuity will be cut from elsewhere

  • Dispute on suspension of 2020/21 wage hike is still pending at the Constitutional Court

  • Deal means employees will get ZAR 5,000 with their Aug paycheck, including ZAR 4,000 back pay

South Africa: Public sector unions accept government’s wage offer
Metodi Tzanov
EmergingMarketWatch
27 July 2021