Latest News & Developments
deficit
Conflicting union responses over potential pension contribution pause at GEPF
South African labour unions are deeply divided over a government proposal to temporarily suspend employer contributions to the Government Employees Pension Fund (GEPF). While Cosatu supports the plan to address a R60 billion budget shortfall, other unions warn of long-term consequences for public servants' retirement security
Ramaphosa calls for trade-offs as Cabinet faces national budget impasse
President Ramaphosa addresses GNU budget challenges and proposed VAT increases as South Africa faces crucial fiscal decisions. Finance Minister's budget presentation delayed amid negotiations over new revenue measures.