Tito has state’s wage bill in his cross hairs

Tito Mboweni said the government still needed to discuss these and other solutions with labour. An update will be announced in the 2020 budget.

The proposals to address the problem would cut the public sector wage bill — which accounts for 35% of the consolidated national budget. “After adjusting for inflation, this is more than double the number of civil servants earning more than R1-million in 2006-07.”

The wage bill is a start! Systematic looting and incompetence should also be tackled!

Govt: we giving you 4% Workers: we want 10% or we strike. Govt: it’s ok we were just joking have 10%.

Reducing or getting rid of corruption is the best route to take. Not what you are busy chasing.

I'm very disappointed in our finance minister. I expected more from him, clearly the problem far exceed the public sector wage bill. As an economist he should know and do better. The biggest problem is systematic waste and corruption. If he can't do the necessary he must resign.

I get worried when a Minister beats the same old drum. This is a 5 year old discussion and if he does not have a concrete solution to it he must just look for another area to reduce government expenditure.

His ability to think e saletse no 6Rounds

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTBPS failed to steady crisis – FitchRatings agency Fitch said Finance Minister Tito Mboweni’s medium-term budget policy statement (MTBPS) failed to outline a clear path to stabilise government debt.
Source: City_Press - 🏆 7. / 72 Read more »

Delay over Eskom shake-up is delusional and expensive'I've heard too many ANC ministers say 'this bailout is the last one'. Alec Erwin said it to SAA in 2006! Eskom is, after all, too big to fail, even if it fails.'
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Clear signs of SA’s deteriorating finances writ large in medium-term budgetTito Mboweni’s budget revealed the full picture of revenue shortfalls, spending pressure on SOEs and ballooning government debt levels
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: How the medium-term budget laid SA’s finances bareCitadel chief economist Maarten Ackerman talks to Business Day TV about the medium-term budget Tito Mboweni delivered on Wednesday
Source: BDliveSA - 🏆 12. / 63 Read more »

Satawu demands minimum wage for security guards - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Transport and Allied Workers Union (Satawu) has rejected the five per cent wage increase offer from companies in the private security sector. Come 7November if they don't us what we want then it will be very messy It's about damn time Yep 7 November kuzobonakala it's December thy must give security guards wht thy want or else criminals will be busy tht day
Source: SABC News Online - 🏆 32. / 51 Read more »

US legislators House votes to advance Trump impeachment processThe chamber voted to formalise the process, which provides for opportunities for Donald Trump’s lawyers to cross-examine witnesses
Source: BDliveSA - 🏆 12. / 63 Read more »