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Last Update -Thursday 03 September 2015, 12:24

Unions consider budget statement a damp squib

Labour columnist Terry Bell writes that, overall, Finance Minister Pravin Gordhan’s mini-budget statement has been given a fairly resounding thumbs down by the labour movement, as well as the army of the recently retrenched. Most of the ire is at his insistence that wage rises in the public sector be capped at 5% and this one issue alone seems certain to result in major confrontations between the wider labour movement and the government.

  • See also ‘Cosatu decries veiled attack on public sector workers’ on page 8 of Mail & Guardian Business