Ignore wage bill and SA will become another failed African state
Busa is turning up the heat on the government to make hard decisions on its ‘unsustainable fiscal stance’
Critics of organised business have long argued that it needs to be more hard-nosed and strategic in its approach. For years it has allowed itself to become preoccupied with drafting technical plans and compacts in the hope that these acts of good faith would shift SA in the right direction.
Well, the gloves are finally off. Not only has Business Unity SA (Busa) made a strategic play in releasing a shocking report benchmarking SA’s bloated public sector wage bill against international norms, but it regrets that “business hasn’t been firm enough on government’s unsustainable fiscal stance”.
Busa’s Cas Coovadia and Busisiwe Mavuso pulled no punches in releasing the report last week, warning that SA was “well on its way to becoming another failed African state” if it didn’t tackle the wage bill...