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JOHANNESBURG - Wage negotiations remain deadlocked between government and public sector unions as government strives to reduce the bloated wage bill.
There is a huge gap between what government is offering and what unions are asking for.
Government said it has not budgeted for this and has instead offered to extend the R1,000 after-tax cash gratuity coupled with a 1.5-percent pay progression.
The current offer that has been put forward is in line with the government’s commitment to contain the public sector wage bill which currently sits at R665-billion.
Thank you ENCA for keeping all involved updated on the progress of this case
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This is the amount that will be distributed amongst the current shareholders.
Current Share Holders
89/500,000
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