Posts tagged with 'increase'

 

Fitch Rating Agency Warns ANC Regime over Uncontrolled Spending and Unproductive Public Sector Salaries!

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In a study published last week, the Fitch credit rating agency has warned the ANC government, which is still reluctant to consider public sector salary demands for the next three-year term, over it’s inability to exercise control over spending, which could lead to further budget problems.

The ratings agency pointed out that the compensation paid to public sector workers, which makes up a massive 35% of the workforce, will not yield good results, and furthermore, any salary increases and adjustments could be detrimental, as the country’s growth will only be around 2% for the financial year.

In response to the agency’s report, Nazmeera Moola, head of SA Investments, claimed that the agencies were inclined to be skeptical of the ANC government’s ability to stick to its position of 0% increase in remuneration.

He says there is also doubt about the government’s ability to create growth in the economy, and while it was a source of concern, the ANC government is appa
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Warning! SAA Strike will intensify – Talks between National carrier and striking unions collapse

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JOHANNESBURG – Talks between South African Airways (SAA) management and striking workers have collapsed.

Union leaders briefed the media and workers after the parties met on Saturday in an attempt to resolve the strike which began on Friday.

Workers are demanding an 8%wage increase while SAA is offering 5.9%.

According to the National Union for Metalworkers of South Africa’s (Numsa) Phakamile Hlubi-Majola, unions and the national carrier have failed to find each other.

Numsa and the South African Cabin Crew Association (Sacca) have warned they will intensify the strike across all SAA departments.

“If you have workers at the Civil Aviation Authority on strike, it means that none of the planes are going to fly. It’s not just SAA, its all planes”, said Hlubi-Majola.

The struggling state owned airline says its working around the clock to introduce additional capacity on the domestic network.

NUMSA THREATENS TO SHUT DOWN AVIATION SECTOR

Numsa sa
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The SABC wants to increase your TV licence fees- But who are actually still paying for this service that only caters for a certain group of people?

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The South African Broadcasting Corporation (SABC) is looking at increasing its TV licence fees as the embattled state broadcaster continues to face financial challenges.

In a parliamentary presentation on 28 August, the SABC said that it has drafted and sent a proposal to increases TV licences fees to communications minister, Stella Ndabeni-Abrahams.

However, SABC board chairperson, Bonamisa Makhatini, has made it clear that this increase may not be enough to cover the broadcaster’s many expenses.

“There had been eight increases in 24 years,” he said. “If the fee were to be increased, it had to be considered what was affordable. Content had to be attractive and compelling.”

One of the key problems with raising TV licences is the issue of compliance with the broadcaster reporting a compliance level of just 27.8% in October last year.

Citing the latest data from Stats SA, Makhatini said that there are 9.6 million TV licence
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Petrol Price expected to go up 7 cents for 95 octane and 4 cents for 93 grade

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The latest data from the Central Energy Fund (CEF) points to a flat month in August for petrol prices – though there may be good news for diesel drivers.

At mid-month, the group is showing a small increase in both grades of petrol for August, with pump prices expected to go up 7 cents per litre for 95 octane, and 4 cents per litre for 93 grade.

Diesel, however, is currently showing an over recovery of 20 cents per litre, which means at least some motorists may be paying less next month.

The flat rate in petrol prices is due a reversal in trends for both international petroleum prices and the rand/dollar exchange rate.

For the first two weeks in July, the rand has strengthened against the dollar, contributing to a 25-27 cents per litre drop in both the petrol and diesel prices.

This has been undercut by the movement in the international product prices – at least for petrol – which are contributing to a 30 to 33 cents per litre
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Consumers face 80% electricity tariff hike to save Eskom from their self-inflicted mess

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Eskom has announced that they will put a four-point plan in place to get out of their self inflicted mess. They will firstly obtain an 80% increase in electricity through a court order, and secondly they will unbundle the entity.

Third, Eskom will introduce savings measures. However, it is not indicated how and what savings measures will be implemented.

Meanwhile, senior officials of Eskom, who receive between R1.5 and R3 million a year in salary, have announced that they will approach the court to claim back working increases of 4.7%.

Calculations show that it will drive the bankrupt entity out of a further R200 to R300 million.

-Vryburger

 

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