Tito Mboweni Photographer: Rodger Bosch/AFP/Getty Images South African Finance Minister Tito Mboweni told an investment conference the Treasury won’t back down on its insistence that any wage agreement for state workers mustn’t breach the government’s fiscal ceiling.
Mboweni made the comments at a conference organized by JSE Ltd. and sponsored by Citibank and Absa Group Ltd. that’s closed to the media, a person attending the event told Bloomberg, asking not to be identified.
Mboweni angered powerful labor unions allied to the ruling African National Congress last year by reneging on a prior deal to raise wages for 1.3 million government workers. […]
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