SA civil servants signal acceptance of state pay hike | Business

Increasing pay for public servants on salary levels one to 12 by an average of 7% would cost an additional R35.8 billion in the upcoming financial year, the Treasury said March 16. Budget estimates released last month envisioned the compensation bill growing by an annual average of 2.1% over the six years through March 2026, down from 7.3% over the previous five-year period.

A separate agreement is being negotiated on housing allowances, while medical insurance is not part of the current round of talks, Maleka said.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.

_Business You're definitely Cyril's mouth piece.

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