South Africa

State pensions ‘payment holiday’ an option to ease financial headwinds, economist says

The government must consider implementing a three-year payment holiday on the public servants’ pension fund to raise the money it needs to pay public sector wage increases, economist Duma Gqubule told the public service co-ordinating bargaining council (PSCBC) at the weekend.

After the parties hit a deadlock during wage negotiations at the bargaining council on April 23 the parties  agreed to embark on facilitated negotiations...

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