Salt River, Cape Town  12 October 2024

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Local

Cosatu condemns salary increases of politicians, government officials

Labour federation Congress of South African Trade Unions (Cosatu) has slammed salary hikes of public office bearers as unfair when compared to the salaries being received by struggling public service workers. President Cyril Ramaphosa has accepted recommendations by the Independent Commission for the Remuneration of Public Office Bearers, to increase the salaries of politicians and other government officials by 3%. Inflation in South Africa currently stands at 5.9%. The president […]

today21 June 2022

Local

Middle income households survive on 20 percent of their salary: Study

A study by First National Bank (FNB) estimated that it takes an average of five days for a middle-income consumer to spend up to 80 percent of their monthly salary. The study suggests that the average middle-income consumer, earning between R180 000 and R500 000 per annum, survives on 20 percent of their monthly salary for more than 20 days in a month. The bank’s money management product head Ester […]

today18 May 2022

Local

The ANC is struggling financially: Mashatile

The African National Congress’s (ANC) Treasurer-General Paul Mashatile has admitted that the governing party is facing financial constraints which are exacerbated by the COVID-19 pandemic. On Tuesday, ANC staff members will embark on a nationwide picket at lunchtime, over the party’s failure to pay salaries on time. The ANC has been experiencing financial problems with reports that it owes the South African Revenue Service (SARS) R80 million in Pay As […]

today15 June 2021

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