GDP decline: Fewer salary increases or chances of tax relief may be on the cards
Higher long-term interest rates are also likely.
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Higher long-term interest rates are also likely.
Workers were supposed to receive their salaries on 24 July 2026, including scheduled salary increases.
UIF added that the challenges it faces require 'continued collaboration and focused discussions'
'This is the lowest real salary level in two years.'
The commissioner received a salary of R8 million during the period, approximately R666 000 per month.
Salaries seem to be picking up speed despite the sluggish growth of the economy and the official unemployment stuck around 33%.
Over half of the compensation amount was paid to employees in education, followed by those in health.