No end in sight for South Africa's wage problems: economists

No end in sight for South Africa’s wage problems: economists
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The National Treasury, ratings agencies and economists have all flagged escalating wage demands as one of the key risks facing South Africa right now.
Last week saw several developments on the wage front, with many of the demands well in excess of expected inflation, said economists from the Bureau for Economic Research (BER) in a research note on Monday (24 May).
The group outlined some of the key demands from labour unions as follows:
Mining – In the gold mining sector, the National Union of Mineworkers (NUM), among other demands, wants a 15% increase in salaries.

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