Ramaphosa faces uphill battle to trim SA's wage bill

fin24.com

- fin24.com | 2 months ago

President Cyril Ramaphosa's ambitions of trimming the state's wage bill to get the nation's shaky finances under control have run into opposition from the outset.

In his February 13 State of the Nation Address, Ramaphosa warned that the government's current debt levels are heading toward unsustainable levels and Finance Minister Tito Mboweni will unveil details of plans to cut costs in his February 26 budget speech. The government is engaging with unions on how it could contain labour costs, which equate to 35.

4% of national spending, he said.

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