Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

S.African state workers to give verdict on pay offer

Published 08/17/2010, 04:00 AM
Updated 08/17/2010, 04:04 AM

JOHANNESBURG, Aug 17 (Reuters) - South African public sector unions planned to announce on Tuesday whether they will accept a revised government wage offer or renew their threat of a mass strike they say will bring public services to a halt.

Analysts expect a deal to be reached before a coalition of unions, representing 1.3 million civil servants including police, customs officials, teachers and health workers, stages a prolonged stoppage.

Union officials have hinted they might reject the latest offer, which would increase pressure on the government to improve its terms or risk what could be the worst strike by state workers for three years.

Unions in the country's largest labour umbrella group COSATU said they would hold a news conference to announce their decision at 11:45 a.m. (0945 GMT).

Economists worry that whatever deal is reached will swell state spending as the government tries to bring its deficit down from 6.7 percent of gross domestic product.

Last week the government offered to increase the monthly housing allowance to 700 rand ($95.70) from a previous offer of 630 rand, but refused to increase its wage rise offer of 7 percent.

The housing allowance alone would be equal to about 1 percent of government spending.

The unions are demanding an 8.6 percent pay rise, more than double the inflation rate, and 1,000 rand for housing. (Reporting by Jon Herskovitz; editing by Andrew Roche)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.