5 days ago

Is the civil service wage balloon about to pop?

Earn more, do less…nice work if you can get it!
South Africa has the third-highest government wage bill of 20 major global economies when taken as a share of GDP. That’s according to studies by both the International Monetary Fund (IMF) and the World Bank.

That means we spend more on paying our civil servants than the UK, US, Australia and Japan, all of which have economies far greater than ours, and infrastructure and service delivery levels many levels higher.

Adding insult to injury is the fact that South Africa’s public servants are due to receive a 5.5% salary increase in the current financial year, costing the
government (well, actually, the taxpayer) R23.3 billion over the next three
years.

This is just the latest in a long history of salaries that have increased faster
than headline inflation, putting huge strain on the government’s finances.

Click below to read the full article:
https://lnkd.in/d5Veuagx

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