https://www.engineeringnews.co.za

Govt encourages early retirement for up to 30 000 public servants

20th February 2019

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

Given an “unsustainable” wage bill, the National Treasury has shifted expenditure to investment, meaning that national and provincial compensation budgets will be reduced by R27-billion over the next three years.

According to Finance Minister Tito Mboweni, who delivered his maiden Budget speech on Wednesday, the first step to reducing the bill is to allow older public servants to retire early.

This will save an estimated R4.8-billion in 2019/20, R7.5-billion in 2020/21 and R8-billion in 2021/22.

Public Service and Administration Minister Ayanda Dlodlo is expected to outline details of the early retirement framework during the course of next week.

The framework is expected to impact about 30 000 workers.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.13 1.457s - 141pq - 2rq
Subscribe Now